KORE announces its acquisition of Business Mobile Partners (BMP) and SIMON IoT, industry-leading mobility solution providers – to expand its services and solutions within the life sciences industry.
This deal refines the ability of KORE to focus on its Connected Health offering by enabling KORE to better serve the clinical trial market that is rapidly transitioning to Decentralized Clinical Trials (DCT) and adopting connected devices to augment Electronic Data Capture (EDC) with digital biomarker sensors.
This acquisition also delivers a rich channel program with leading wireless carriers, a dynamic digital marketplace to reduce friction on IoT connectivity transactions, and provides agile, low-touch business services across industries.
Keep reading for answers to commonly asked questions regarding this acquisition, or click here to read the full press release.
Why has KORE acquired Business Mobility Partners (BMP) | SIMON IoT?
Through the acquisition of BMP and SIMON IoT, KORE is sharpening its focus on Connected Health solutions and services. This combination positions KORE as the premier global IoT enabler in Connected Health, providing full-scale services across key competencies in connectivity, solutions, and analytics.
BMP brings additional depth of expertise in the life sciences vertical, which allows KORE to enhance its strategic vision as a leader in powerful IoT enablement services and solutions within a growing market.
Beyond the augmented portfolio of services and solutions, the acquisition also delivers a rich channel program with leading wireless carriers, a dynamic digital marketplace to reduce friction on IoT connectivity transactions, and additional operational capacity to better serve customers.
What is the strategic rationale?
Below is an outline of our strategic rationale:
Why Business Mobility Partners?
What value will the acquisition bring to Business Mobility Partners customers?
The combined entity can leverage collective scope and scale to offer connectivity and carrier management, managed services, and a portfolio of solutions and services including network and security management, such as data telemetry, application management and data-as-a-service, endpoint lifecycle management, reporting, and analytics.
Will Business Mobility Partners be a subsidiary, or will it be rolled into the broader KORE organization?