Alpharetta, Georgia, USA. March 5, 2014 — KORE, said to be the world’s largest wireless network services provider specialising in machine-to-machine (M2M) communications, today announced that it has completed its acquisition of Jazz Wireless Data, an established provider of M2M networking services in North America.
Under the terms of the agreement, all existing Jazz customers will gain access to the KORE network and to key KORE services including KORE Global ConnectTM and PRiSMProTM. KORE will also pull in the experienced M2M network management and technical teams from Jazz, as well as the interconnect agreement between Jazz and T-Mobile. The terms of the all-cash transaction were not disclosed.
With a six-figure subscriber base, the Jazz Wireless Data acquisition expands KORE’s presence across North America and in multiple global markets. In addition, the direct relationship with T-Mobile enables KORE to provide customers with multiple 2G GSM, 3G and 4G network connectivity options. Jazz customers will benefit from comprehensive network management capabilities provided by the KORE PRiSMPro platform and the added network redundancy and always-on service provided by KORE’s global data and operations centres.
“KORE remains committed to the vibrancy of the M2M market and we have recognised the overwhelming need for managed connectivity in its continued growth. The acquisition of Jazz Wireless Data is a significant step in our tireless pursuit to provide customers with the greatest mix of technology and connectivity services that help drive their businesses forward,” said Alex Brisbourne, president and COO of KORE. “The addition of a direct relationship with T-Mobile enables KORE and its customers to leverage an ongoing commitment to 2G services in a time of transition in the North American market. We look forward to developing these new carrier, customer and employee relationships to broaden the reach of the KORE network and technology platform offerings.”
The Jazz Wireless headquarters facility in Raleigh, NC will be retained, joining a list of KORE offices and operations centres worldwide. All aspects of the Jazz Wireless Data integration are expected to be completed in five months.
“We are very excited to become part of the KORE family and to help accelerate the next phase of M2M market growth,” said Gregor Bleiman, president, Jazz Wireless Data. “Jazz and KORE share a philosophy of working closely with our customers to provide the M2M connectivity and network management options that are right for their specific business needs. This approach is only strengthened by the acquisition, as our customers will immediately benefit from KORE Global Connect services to support and boost their business.”
“The combination of KORE and Jazz is a game changer. Bringing T-Mobile’s Un-carrier approach together with KORE’s reach, impressive management tools and stellar reputation will further expand customers’ ability to employ everything from 2G services to data-intensive solutions that leverage the nation’s fastest LTE network,” said Rusty Lhamon, director, T-Mobile M2M.