KORE today finished its acquisition of Jazz Wireless Data, an M2M networking services provider.
The acquisition will extend KORE’s North American M2M footprint, bring Jazz’s network management and technical into the fold and give KORE access to 2G GSM, 3G and 4G network connectivity options on T-Mobile’s network via an existing agreement with Jazz.
All existing Jazz customers will now have access to KORE’s network and services.
“The addition of a direct relationship with T-Mobile enables KORE and its customers to leverage an ongoing commitment to 2G services in a time of transition in the North American market,” Alex Brisbourne, president and COO of KORE, said in a statement.
Financial terms of the deal were not disclosed.
The new agreement could help T-Mobile catch up in the M2M market and tap into the expected growth for the segment. GSMA predicted global M2M connections will hit 250 million this year, growing at a rate of 40 percent annually.