Tata Communications (NSE: TATACOMM; BSE: 500483), a Mumbai, India-based based digital ecosystem enabler, acquired Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS), a NYC-based integrated communication services provider with a set of proprietary platforms.
Under the terms of the agreement, Tata Communications has agreed to acquire Kaleyra for a total consideration of approximately USD 100m.
With this transaction, Tata Communications will gain a platform with capabilities and scale. Kaleyra brings a stronghold in the business communications market in banking and financial services, retail and digital commerce industries across global markets, in addition to a strong team with expertise in technology, engineering and research & development. Tata Communications will also benefit from Tier 1 carrier connections in the US, ready connectors to third party platforms, and video services without the need for additional software plugins.
The resulting business will leverage Tata Communications large base of enterprise customers worldwide including 300 of the Fortune 500 companies, extensive mobile network operator (MNO) connections and global expansion opportunities. It will benefit from the global digital ecosystem enabler that powers today’s fast-growing digital economy in more than 190 countries and territories.
Led by CEO Dario Calogero, Founder and CEO, Kaleyra is a global group providing mobile communication services to financial institutions, e-commerce players, OTTs, software companies, logistic enablers, healthcare providers, retailers, and other large organizations worldwide. Through its proprietary platform and APIs, it manages multi-channel integrated communication services, consisting of messaging, rich messaging and instant messaging, video, push notifications, e-mail, voice services, and chatbots.
Led by CEO A.S. Lakshminarayanan, Tata Communications is a global digital ecosystem enabler empowering digital economy in more than 190 countries and territories. It enables digital transformation of enterprises globally with collaboration and connected solutions, core and connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are among its customers.
FinSMEs
29/06/2023