Tata Communications has announced its definitive agreement to acquire Kaleyra, Inc. for $100 million in cash. This strategic move will grant Tata Communications access to Kaleyra’s global omnichannel integrated communication services platform. Through this platform, Tata Communications can offer targeted personalization using various communication channels such as messaging, video, push notifications, email, voice-based services, and chatbots.
The acquisition process is expected to be completed within the next six to nine months. Once finalized, Kaleyra will operate as a subsidiary under Tata Communications Limited.
By acquiring Kaleyra, Tata Communications aims to expand its market presence and provide customers with a more comprehensive suite of communication services. The company believes that this acquisition will contribute to its long-term business growth.
This acquisition marks another notable addition to Tata Communications’ portfolio of acquired businesses, which includes Xirrus, Enabling Technologies, and Netmagic Solutions.
Undoubtedly, the acquisition of Kaleyra signifies Tata Communications’ strong commitment to expanding its reach and enhancing its offerings in the communication services market. It also reflects the company’s confidence in the market’s long-term growth potential.
While it is too early to predict the precise impact on Tata Communications’ financial performance, the company anticipates that the acquisition will contribute to its sustained business growth in the future.
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