Tata Communications has announced a deal to acquire the Communications Platform as a Service provider Kaleyra. Kaleyra has risen from the startup scene in Italy at the end of the dotcom era to a listing on the NYSE four years ago. Tata Communications will be paying $7.25 per share for Kaleyra, which works out to $100M plus the assumption of outstanding debt.
Kaleyra focuses on business communications with customers in the financial services, retail, and digital commerce verticals. Their infrastructure leverages the AWS cloud platform and they manage private clouds for some clients as well. The deal will will boost Tata Communications’ efforts in the enterprise marketplace more broadly, with Kaleyra’s capabilities now able to reach a broader international audience.
