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Tata Communications<\/a> will acquire US-based enterprise messaging firm Kaleyra for about\u00a0$100 million (nearly Rs. 820 crore) in an all-cash deal, the company said on Wednesday.<\/p>\n With operations in over 190 countries, Kaleyra provides integrated communication services with a set of proprietary platforms, offering targeted personalisation through messaging, video, push notifications, e-mail and voice-based services and chatbots.<\/p>\n “Tata Communications has agreed to acquire Kaleyra, Inc in a cash-only transaction, for a total consideration to Kaleyra shareholders of approximately $100 million and the assumption of all outstanding debt,” Tata Communications said in a statement.<\/p>\n With this transaction, Tata Communications will gain an industry-proven platform with strong capabilities and scale, the statement said.<\/p>\n “Upon closing of the transaction, expected in six to nine months, Kaleyra Inc will become a subsidiary of Tata Communications Limited,” the statement said.<\/p>\n Kaleyra claims to have a strong presence in the business communications market in banking and financial services, retail and digital commerce industries across global markets, in addition to a team with expertise in technology, engineering and research and development.<\/p>\n 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 plug-ins, the statement said.<\/p>\n “We are excited about Kaleyra’s remarkable talent and their demonstrated capabilities in next-gen technologies. With this acquisition, we will further build intelligent, intuitive and innovative multi-channel communication solutions to unlock new growth opportunities for our customers,” Tata Communications MD and CEO AS Lakshminarayanan said.<\/p>\n The resulting business will leverage Tata Communications’ large base of enterprise customers worldwide, including 300 Fortune 500 companies, mobile network operator (MNO) connections and global expansion opportunities.<\/p>\n For the full year ended December 31, 2022, Kaleyra reported revenue of $339.2 million nearly Rs. 2,780 crore).<\/p>\n “When we launched Kaleyra 24 years ago with my co-founder Simone Fubini, I could hardly envision that our voyage would take us from a small Italian startup to global expansion, a publicly listed NYSE company, and now working together with a great technology leader like Tata Communications. This is a great day for Kaleyra and our shareholders and our employees worldwide,” Kaleyra founder and CEO Dario Calogero said.\u00a0<\/p>\n [ad_2] [ad_1] Tata Communications will acquire US-based enterprise messaging firm Kaleyra for about\u00a0$100 million (nearly Rs. 820 crore) in an all-cash deal, the company said on Wednesday. With operations in over 190 countries, Kaleyra provides integrated communication services with a set of proprietary platforms, offering targeted personalisation through messaging, video, push notifications, e-mail and voice-based services … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-4117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/4117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4117"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/4117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/4118"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Affiliate links may be automatically generated – see our ethics statement<\/a> for details.<\/i><\/div>\n<\/div>\n
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