Kaleyra

Kaleyra

Kaleyra

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Kaleyra is a Communications Platform as a Service (CPaaS) company that provides API and visual tools to communicate with customers worldwide through various channels, including SMS, MMS, RCS, WhatsApp for Business, Video, and Voice.

Quick Facts Formerly, Industry ...

Kaleyra's services also include access to virtual numbers (toll-free, local and mobile), lookup services, and integration plugins. The company serves as a partner for Google's services, Verified SMS and Verified Calls.[1]

It was listed company in NYSE American [2] (NYSE:KLR) from November 2019 until October 2023 when it was acquired by Tata Communications.[3]

History

The company was founded in 1999 as Ubiquity in Italy by Dario Calogero,[4] the current CEO and Board of Directors’ member. In 2016, it was renamed Kaleyra[5] after acquiring the Indian company Solutions Infin.[6]

In 2018, Kaleyra acquired the US-based company Buc Mobile, which owned Hook Mobile.[7] In June 2021, it acquired US-based mobile messaging solution provider mGage[8] for $215 million in cash and Kaleyra common stock and became a Tier-1 messaging provider in the United States.[9]

In July 2021, Kaleyra acquired Bandyer[10] a leader in Europe for Audio and Video APIs and SDKs; the exact terms of the deal, acquisition costs, were not disclosed. In August, Kaleyra's common stock shares were approved for uplisting to the New York Stock Exchange from its previous listing on the NYSE American.[11]`

In February 2023 in Ireland, the company pleaded guilty to 22 charges relating to breaches of the Communications Regulation Act. This was as a result of a malware incident that led to so-called 'spoofing' which saw customers' numbers being falsely signed up for premium rate services between August 2021 and continued until January 2022. Following this, it withdrew from the Irish market.[12]

On October 5, 2023, it was announced that Tata Communications completed the purchase of Kaleyra for approximately 100 million dollars.[13]

References

  1. [1]
    "Kaleyra Launches Verified Calls Services for Google". Yahoo Finance.
  2. [2]
    "Kaleyra Warrants to Begin Trading on the NYSE American Stock Exchange under the Ticker "KLR WS" on December 2, 2019". Associated Press. 29 November 2019.
  3. [3]
    "Tata Communications completes acquisition of US-based company". The Times of India. October 8, 2023.
  4. [4]
    "Dario Calogero - Bloomberg Profile". Bloomberg.
  5. [5]
    "Solutions Infini and Ubiquity announces Global Rebrand to 'Kaleyra'". 21 June 2018.
  6. [6]
    "Cloud communications startup Solutions Infini merges with Italy's Ubiquity under brand 'Kaleyra'". The Economic Times CIO.
  7. [7]
    "Kaleyra Acquires Cloud Communications Company Hook Mobile". finsmes.com. 2 August 2018. Retrieved 2021-10-15.
  8. [8]
    "Kaleyra Closes Landmark Acquisition of Mobile Messaging Solution Provider mGage to Become Tier-1 Messaging Provider in US". Kaleyra Investor Announcement.
  9. [9]
    "Cloud Software Kaleyra Closes Landmark Acquisition of mGage". MarTechCube. 3 June 2021.
  10. [10]
    "Kaleyra Acquires Bandyer". www.bloomberg.com. July 8, 2021. Retrieved 2021-07-26.
  11. [11]
    "Kaleyra announces uplisting to NYSE". seekingalpha.com. 26 August 2021. Retrieved 2021-10-15.
  12. [12]
    "Kaleyra pleads guilty to 22 charges". rte.ie. 13 February 2023. Retrieved 2023-02-13./
  13. [13]
    "Tata Communications Completes Acquisition of Kaleyra". Willkie. Retrieved 2023-10-13.
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