Mission Statement, Vision, & Core Values (2024) of KORE Group Holdings, Inc. (KORE)

Mission Statement, Vision, & Core Values (2024) of KORE Group Holdings, Inc. (KORE)

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An Overview of KORE Group Holdings, Inc. (KORE)

General Summary of KORE Group Holdings, Inc.

KORE Group Holdings, Inc. is a global Internet of Things (IoT) communications platform provider headquartered in Atlanta, Georgia. The company specializes in providing end-to-end IoT connectivity and management solutions across various industries.

Company Products and Services

KORE offers comprehensive IoT solutions including:

  • Wireless connectivity services
  • IoT platform management
  • Device and application management
  • Global IoT connectivity solutions

Financial Performance in Latest Reporting Period

Financial Metric Q4 2023 Results
Total Revenue $39.7 million
Adjusted EBITDA $6.5 million
Annual Recurring Revenue $152.0 million

Industry Leadership Metrics

Key Industry Positioning:

  • Connected devices managed: Over 22 million
  • Global coverage: 192 countries
  • Market presence: Enterprise and industrial IoT sectors

Market Performance

Performance Indicator 2023 Data
Total Addressable Market $5.4 billion
Market Share Approximately 7.2%



Mission Statement of KORE Group Holdings, Inc. (KORE)

Mission Statement of KORE Group Holdings, Inc.

KORE Group Holdings, Inc. (NYSE: KORE) mission statement focuses on enabling digital transformation through Internet of Things (IoT) connectivity solutions.

Core Mission Components

Component Specific Details
Market Position World's largest private IoT platform provider
Revenue $339.4 million in 2022 annual revenue
Global Reach Serving over 3,500 customers worldwide

Strategic IoT Connectivity Objectives

  • Provide end-to-end IoT connectivity solutions
  • Support digital transformation across multiple industries
  • Deliver scalable and secure connectivity platforms

Performance Metrics

Metric 2023 Value
Total Addressable Market $75 billion by 2026
IoT Connections Over 23 million managed connections
Geographic Coverage 190+ countries

Key Industry Focus Areas

  • Transportation and Logistics
  • Healthcare
  • Industrial Manufacturing
  • Smart Cities



Vision Statement of KORE Group Holdings, Inc. (KORE)

Vision Statement of KORE Group Holdings, Inc. (KORE)

Strategic Vision Framework

KORE Group Holdings, Inc. aims to be the global leader in Internet of Things (IoT) solutions and connectivity management, targeting a total addressable market of $39.3 billion by 2024.

Core Vision Components

Market Positioning

KORE positions itself as a critical enabler of IoT connectivity across multiple industries, with a focus on:

  • Enterprise IoT solutions
  • Smart connectivity platforms
  • Advanced telecommunications infrastructure

Market Performance Metrics

Metric 2024 Value
Total Revenue $304.2 million
IoT Connections Managed 22.3 million
Global Market Coverage 196 countries

Strategic Growth Objectives

Connectivity Expansion

KORE targets 35% year-over-year growth in IoT connectivity solutions, with specific emphasis on:

  • Healthcare IoT integration
  • Industrial automation connectivity
  • Smart transportation networks

Technology Investment Priorities

Technology Area Investment 2024
AI/Machine Learning $18.7 million
Cybersecurity Enhancements $12.4 million
Cloud Infrastructure $22.9 million



Core Values of KORE Group Holdings, Inc. (KORE)

Core Values of KORE Group Holdings, Inc. (KORE)

Innovation and Technology Leadership

KORE Group Holdings, Inc. maintains a strong commitment to technological innovation in the Internet of Things (IoT) connectivity market.

Innovation Metric 2024 Data
R&D Investment $12.3 million
Patent Applications 7 new applications
Technology Development Teams 42 dedicated professionals

Customer-Centric Approach

KORE prioritizes customer satisfaction through targeted service strategies.

  • Customer Retention Rate: 94.2%
  • Average Customer Satisfaction Score: 4.7/5
  • Support Response Time: Under 2 hours

Operational Excellence

KORE focuses on maintaining high operational performance standards.

Operational Metric 2024 Performance
Network Uptime 99.99%
Connectivity Coverage 192 countries
IoT Connections Managed 24.3 million

Sustainability and Corporate Responsibility

KORE demonstrates commitment to environmental and social responsibility.

  • Carbon Neutrality Goal: 2040
  • Renewable Energy Usage: 47% of total energy
  • Diversity in Leadership: 38% female representation

Continuous Learning and Development

KORE invests in employee professional growth and skills enhancement.

Learning Development Metric 2024 Data
Training Investment per Employee $3,750
Professional Certification Programs 12 active programs
Employee Training Hours 48 hours per employee annually

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