KORE Appoints Jared Deith as Chief Revenue Officer to Accelerate Market Leadership and Innovation

PR Newswire

ATLANTA, Jan. 31, 2025

ATLANTA, Jan. 31, 2025 /PRNewswire/ -- KORE Group Holdings, Inc. $(KORE)$ ("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 $(CRO.AU)$. 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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SOURCE KORE

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January 31, 2025 08:00 ET (13:00 GMT)