SwiftStack, the provider of multi-cloud data storage and management, announced a new customer-proven edge-to-core-to-cloud solution that supports large-scale (more…)
March 13, 2019
Posted by: Anasia D'mello
KT Corporation, South Korea’s telecommunications company, is preparing for the full-scale commercialisation of 5G in March, accelerating the company’s global technology leadership. (more…)
March 4, 2019
Posted by: Anasia D'mello
Nokia announced that CTC and Nokia jointly demonstrate advanced machine learning innovations for 5G RAN mMIMO optimisation. (more…)
March 1, 2019
Posted by: Anasia D'mello
Yahsat, a global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation, announced an agreement (more…)
December 17, 2018
Posted by: Anasia D'mello
The first person I ran into at last week’s IoT Solutions World Congress 2018 in Barcelona was an old friend of IoT Now’s who shall remain nameless. He looked exhausted. I had arrived a few hours after him on the first day. (more…)
October 26, 2018
Posted by: Anasia D'mello
Qualcomm Inc. terminated its planned acquisition of NXP Semiconductors N.V. by Qualcomm River Holdings B.V., an indirect wholly owned subsidiary. (more…)
July 27, 2018
Posted by: Zenobia Hegde
Cree, Inc. has acquired assets of Infineon Technologies AG Radio Frequency (RF) Power Business for approximately €345 million. The transaction expands the Cree Wolfspeed business unit’s wireless market opportunity. (more…)
March 14, 2018
Posted by: Zenobia Hegde
Actility, a provider of Low Power Wide Area Networks (LPWAN) for the Internet of Things (IoT), has successfully completed its Series D funding round. The company has raised $75 million to enhance its IoT solutions portfolio. (more…)
April 17, 2017
Posted by: Avadhoot Patil
InterDigital, Inc., a mobile technology research and development company, announced that it has joined Avanci, said to be the industry’s first marketplace for licensing cellular standards-essential technology for the Internet of Things (IoT). (more…)
September 21, 2016
Posted by: Avadhoot Patil
KORE Group Holdings, an Internet of Things (IoT) solutions and pioneering IoT hyperscaler, announced on Monday that Bruce Gordon has joined as executive vice president and chief operating officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles.
Most recently, Gordon served as chief executive officer and executive chairman of GeoDigital, a provider of 3D services and geospatial intelligence software. Previously, at ABB Ventyx (formerly Mincom), Gordon served as senior vice president for business solutions. Prior to this, Gordon held roles of chief technology officer at Infor, an enterprise software company, overseeing technology strategy through a significant period of growth which included the acquisition and integration of 27 companies, and chief operating officer at Descartes where he was responsible for a significant business transformation.
“I am thrilled to join KORE and lead our operational strategies during this exciting period of expected growth,” Gordon said in a media statement. “With a focus on innovation and customer-centred solutions, I look forward to working with the talented team at KORE to drive operational excellence and deliver unparalleled value to our customers.”
In his new role as executive vice president and COO of KORE, Gordon will focus on enhancing operational efficiencies, fostering innovation and driving sustainable growth. His leadership will help optimise KORE’s internal processes, leverage human talent and maximise market opportunities to solidify the company’s position as a leader in IoT.
“We are delighted to welcome Bruce to the KORE executive team,” said Ron Totton, interim president and CEO of KORE. “Bruce’s extensive experience and proven track record in transforming organisations and driving growth will be invaluable as we continue to innovate and expand our offerings to meet the evolving needs of our customers.”
In connection with his employment, the company made a grant to Gordon of an aggregate of 100,000 restricted stock units (RSUs), where each RSU represents the right to receive one share of the company’s common stock upon the terms and conditions of the related RSU award agreements. The grant of RSUs was offered as a material inducement to Gordon’s hiring.
The RSUs were granted by the Compensation Committee of KORE’s Board of Directors, in reliance on the employment inducement exemption under the NYSE’s Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards.
The RSUs were granted outside the KORE Group Holdings, Inc. 2021 Long-Term Stock Incentive Plan, but will be governed by the terms of the Plan as if they were issued under the Plan.
Subject to the terms and conditions of the award agreements, 10,000 RSUs shall vest on the first anniversary of the grant date, 27,500 RSUs shall vest on the second anniversary of the grant date, 27,500 RSUs shall vest on the third anniversary of the grant date, and 35,000 RSUs shall vest on the fourth anniversary of the grant date, subject to Gordon’s continuous employment or service to the company through the applicable vesting date.
July 9, 2024
Posted by: Anna Ribeiro