Kore Wireless, one of the biggest independent players in internet-of-things connectivity, is buying competitor RacoWireless. The combined companies will manage 3 million cellular connections linking everything from farm equipment to bagged ice machines.
Before the internet of things was an actual thing, companies were working on technology for what’s known as machine-to-machine (M2M) communications, which handled fleet telematics, asset tracking, payment processing and a bunch of other distinctly unsexy industrial applications. But just as the consumer internet of things has grown, so has its industrial counterpart, leading nearly every mobile carrier to launch an M2M business either themselves or through partnerships with companies like Kore and Raco.
Raco was actually the M2M division of T-Mobile US before it was spun off in 2012, while Kore has always been independent aggregating connections from carriers across the world so its customers can offer their service globally rather than just regionally…
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