ATLANTA,
Jan. 31,
2025 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:
KORE) ("KORE" or the "Company"), a global leader in IoT solutions
and pioneering IoT hyperscaler, and provider of IoT Connectivity,
Solutions and Analytics, today has named Jared Deith as Executive Vice President and
Chief Revenue Officer (CRO). Deith, an established entrepreneur,
brings a strong track record of building high-performing teams and
driving transformative growth in the IoT market.
Deith's appointment comes as part of an
organizational redesign following the departure of KORE's prior
Executive Vice President and Chief Revenue Officer. Deith's
responsibilities in his prior role as Executive Vice President,
Connected Health will be consolidated with his new responsibilities
as CRO.
"I'm honored and excited to step into the role of
CRO and drive KORE to expected new heights of success and growth,"
said Deith. "In my recent role leading the Global Connected Health
business, I've seen firsthand the transformative power of IoT
solutions for our customers. Many are fueling their growth through
connected devices and require highly available, secure, and
scalable solutions—perfectly aligned with KORE's
strengths."
"As a proven leader in the IoT market, Jared
brings a growth mindset and an unwavering customer focus, making
him the ideal choice," said Ron
Totton, Chief Executive Officer of KORE. "His
entrepreneurial spirit and execution-focused approach will help us
redefine what's possible in the IoT space."
Tim Donahue,
KORE's Chairman of the Board of Directors, added, "Jared has
a keen understanding of customer needs and a relentless drive and
energy—exactly what's needed to build on KORE's strong foundation
and take the Company to new heights."
In his new role, Deith will oversee global sales,
partnerships, marketing and revenue operations, accelerating KORE's
momentum as the go-to provider for IoT solutions.
About KORE
KORE is a pioneer, leader, and trusted advisor delivering
mission-critical IoT solutions and services. We empower
organizations of all sizes to improve operational and business
results by simplifying the complexity of IoT. Our deep IoT
knowledge and experience, global reach, purpose-built solutions,
and deployment agility accelerate and materially impact our
customers' business outcomes. For more information, visit
www.korewireless.com.
Cautionary Note on Forward-Looking
Statements
This press release includes certain statements
that are not historical facts but are forward-looking statements
for purposes of the safe harbor provisions under the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential,"
"seem," "seek," "future," "outlook," "momentum" and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. In particular,
statements relating to KORE's business outlook, objectives,
development, plans, growth strategies and other strategic
priorities; KORE's estimated position and strengths in the IoT
market; estimations of addressable markets and customer growth; and
statements relating to KORE's future growth, business, prospects
and opportunities, as well as other statements that are not
historical facts, constitute forward-looking statements. These
statements are based on various assumptions and on the current
expectations of KORE's management. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as and must not be relied on by any investor or
other person as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of KORE. These forward-looking statements are
subject to a number of risks and uncertainties, including general
economic, financial, legal, political and business conditions and
changes in domestic and foreign markets; risks related to the
rollout of KORE's business and the timing of expected business
milestones; risks relating to the integration of KORE's acquired
businesses, changes in the assumptions underlying KORE's
expectations regarding its future business; the effects of
competition on KORE's future business; and the outcome of judicial
proceedings to which KORE is, or may become a party. If the risks
materialize or assumptions prove incorrect, actual results could
differ materially from the results implied by these forward-looking
statements. There may be additional risks that KORE presently does
not know or that KORE currently believes are immaterial that could
also cause actual results to differ materially from those contained
in the forward-looking statements. In addition, forward-looking
statements reflect KORE's expectations, plans or forecasts of
future events and views as of the date of this press release. KORE
anticipates that subsequent events and developments will cause
these assessments to change. However, while KORE may elect to
update these forward-looking statements at some point in the
future, KORE specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing KORE's assessments as of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
Media Contact:
Stephen Rana
Senior Content Marketing Manager
sbell@korewireless.com
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