Press Release April 13, 2016

Wyless Group Holdings Completes Sale to KORE Wireless Group

Goodwin Procter recently advised Wyless Group Holdings in its sale to KORE Wireless Group.

Founded in 2003, Wyless is headquartered in Massachusetts, with offices in the U.K., Switzerland, the Netherlands, Germany and Brazil. Wyless provides data connectivity and managed Internet of Things (IoT) services worldwide, and has pioneered the development of a multi-carrier global wireless data network, advanced management software and a comprehensive suite of machine-to-machine (M2M) services.

Founded in 2003, KORE is the world’s largest managed network services provider specializing in M2M communications and IoT. KORE provides the wireless connectivity empowering application, hardware and wireless operator partners to rapidly bring new IoT and M2M innovations to market, with active on-network units in more than 110 countries. KORE is a portfolio company of ABRY Partners.

The combined business resulting from this strategic acquisition is one of the top M2M/IoT platforms in the market, with a footprint that covers Asia, Latin America, Europe and North America.

The Goodwin team advising Wyless included partners Stuart Cable, David Henken, counsel Ed Amer, associates Eric Carlson and Yasin Akbari (Corporate); counsel Sarah Bock and associate Monica Patel (Executive Compensation/Benefits); partner Andrea Murino and counsel Todd Hahn (Antitrust); partner Steve Charkoudian and associate Lauren McDermott (IP); partners David Patton and Dan Karelitz (Tax); partner Milena Tantcheva (Debt Finance); counsel Brian Mukherjee (Insurance); partner Jim Matarese (Remedies); partner Robert Hale (Labor); and partner Richard Matheny (FCPA).