Closing of Business Combination with Cerberus Telecom Acquisition Corp. (NYSE: CTAC)
KORE delivers advanced IoT enterprise solutions and CaaS to more than 3,600 customers worldwide, including Fortune 500 enterprises. The Company currently manages over 12 million connected devices, serving a range of industry sectors that collectively represent over 80% of the IoT market.
Cerberus is a special purpose acquisition corporation, targeting information and communications technology (ICT) companies in the United States and other developed countries, that raised $259 million through an initial public offering in October 2020.