M&A Deal Summary

KORE Acquires Simon IOT

On February 16, 2022, KORE acquired communications company Simon IOT

Acquisition Highlights
  • This is KORE’s 4th transaction in the Communications sector.
  • This is KORE’s 6th transaction in the United States.
  • This is KORE’s 4th transaction in New York.

M&A Deal Summary
Date 2022-02-16
Target Simon IOT
Sector Communications
Buyer(s) KORE
Deal Type Add-on Acquisition

Target

Simon IOT

Westbury, New York, United States
Simon IOT is a mobility solution provider focused on expanding its services and solutions within the healthcare and life sciences industries. It offers some of the best data rates on the market with domestic and international coverage High bandwidth options with pooled data are offered domestically as well. Simon IOT was formed in 2018 and is based in Westbury, New York.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

KORE

Alpharetta, Georgia, United States
Category Company
Founded 2002
Sector Communications
Employees600
Revenue 277M USD (2023)
DESCRIPTION

KORE is a trusted advisor delivering mission-critical IoT solutions and services. KORE empowers organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes. KORE was founded in 2002 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 7 of 7
Sector (Communications) 4 of 4
Type (Add-on Acquisition) 6 of 6
State (New York) 4 of 4
Country (United States) 6 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Business Mobility Partners

Westbury, New York, United States

Business Mobility Partners is focused on delivering IoT enablement services to contract research organizations (CROs) and remote patient monitoring (RPM) customers. The company was created to deliver a world-class experience to healthcare customers while building one of the strongest distribution channels in the wireless industry. Business Mobility Partners was formed in 2016 and is based in Westbury, New York.

Buy -
Mergr

Product

Company

Legal