KORE to Buy Twilio IoT Portfolio, Establishing a Leader in IoT Connectivity as a Service

Twilio has entered into a definitive agreement for KORE to purchase its IoT portfolio, establishing a leader in IoT connectivity as a service. The IoT industry continues to experience massive growth, with connected devices like fitness trackers and fleet-management solutions connecting the digital and physical world. Twilio's IoT business will join KORE, a leading IoT provider focused on delivering Connectivity as a Service and managed services. The combined business will provide an enhanced worldwide connectivity suite, a one-stop-shop for the full IoT lifecycle, faster time to market, and unparalleled customer experience.