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But Spiegelberg suggests that social sites, including dating apps, needed to use similar due diligence processes traditionally associated with.
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“Both Wyless and KORE have a long history, dating back to , of serving the M2M market from its early beginnings through innovation and.
Following the completion of this transaction, the combined company will be supported by a staff of more than team members, maintain a customer base of more than 3, B2B companies globally and serve in excess of six million subscribers on behalf of those customers. We are creating the only true global, technology-rich provider of services for the fastest-growing and most interesting segment of the technology landscape, where data management and telecommunications converge.
We believe no other provider can marshal our blend of talented and knowledgeable people, geographic reach and technology platforms. This combination provides greater opportunity for our customers, small and large, to scale, expand and grow their businesses in IoT as they reach out into new markets and geographies. The combined business will have extensive physical presence and data center operations in Asia, Latin America, Europe and North America to support customers on a truly global scale.
In addition, the combined companies bring together the deepest expertise in M2M, 12 years in the making, and a demonstrated ability to apply this competency to the emerging IoT market. All parties emerge from this transaction with a unified commitment to long-term growth above all else, of which we know we only achieve through creating incredible customer success. The executive team will comprise of key executives from both companies.
The acquisition is subject to regulatory and other consents, and is expected to close in early Q2, Financial terms are not disclosed. KORE provides the critical wireless connectivity empowering application, hardware and wireless operator partners to rapidly bring new IoT and M2M innovations to market, with millions of active on-network units in more than countries.