KORE Wireless is an independent IoT connectivity and managed services provider. KORE's core product is cellular connectivity for IoT devices — the SIM cards and connectivity management infrastructure that keep enterprise IoT deployments online. Rather than owning network infrastructure, KORE partners with major mobile network operators and acts as a connectivity aggregator, giving enterprise customers multi-carrier global reach through a single vendor relationship. KORE serves customers across Connected Health, Fleet Management, Asset Monitoring, Retail Communications, and Industrial IoT. KORE generates roughly 78% of revenue from IoT Connectivity — a recurring, per-SIM subscription business billed monthly, with over 20 million active connections on the platform. The remaining ~22% comes from IoT Solutions, which includes device sales and managed services. Connectivity carries significantly higher gross margins than Solutions, and the business benefits from operating leverage as new connections are added to the fixed-cost platform. KORE uses a land-and-expand sales model, winning new enterprise customers and growing wallet share as those customers scale their device fleets. Connected Health is a priority vertical given its regulatory complexity and higher revenue per connection. KORE is also investing in next-generation eSIM capabilities as a growth vector. In February 2026, KORE entered into a merger agreement to go private, backed by existing investors Searchlight Capital and Abry Partners, at $9.25 per share in cash.