IoT firm Kore has been named by Gartner as a leader in the magic quadrant for managed IoT connectivity services.

The evaluation was based on criteria that analysed the company’s overall completeness of vision and ability to execute.

“For the second year in a row, Kore is honoured to be recognised as the only independent service provider in the leader’s quadrant,” said Kore CEO Romil Bahl. “Kore is here to help customers overcome IoT adoption challenges by simplifying the myriad complexities, and hence help them effectively deploy, manage and scale their IoT for an accelerated return on investment.”

In the face of a global pandemic, 2020 was a year of growth for Kore despite the headwinds of network sunsets in the USA, which bodes well for future growth prospects as the migration to LTE is completed, and with 5G on the horizon.

Kore has invested significantly in its IoT platform and its eSIM and core network technology stacks, which combine to position the firm as a leader in the adoption of eUICC technology, the next generation of IoT connectivity. With secure network architecture, IoT-optimised rate plans and a unified connectivity management platform, Kore says it makes it simple to deploy complex, global IoT.

The Georgia-based company also offers end-to-end IoT with globally compliant services to manage the full lifecycle of IoT deployments. With facilities across the globe, Kore can deploy regulatory compliant services on four continents. Registrations include Hipaa, FDA, ISO 13485 and 9001, as well as MDD/MDR CE 0086 and Weee compliance in Europe.

Kore recently entered a definitive merger agreement with Cerberus Telecom Acquisition, a special purpose acquisition company affiliated with Cerberus Capital Management. On completion of the transaction, which is expected in mid-2021, the combined company expects to be listed on the New York Stock Exchange.

Magic quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: leaders, challengers, visionaries and niche players.