M&A Deal Summary

Tata Communications Acquires Kaleyra

On June 28, 2023, Tata Communications acquired internet software and services company Kaleyra for 100M USD

Acquisition Highlights
  • This is Tata Communications’ 1st transaction in the Internet Software and Services sector.
  • This is Tata Communications’ largest (disclosed) transaction.
  • This is Tata Communications’ 1st transaction in Italy.

M&A Deal Summary
Date 2023-06-28
Target Kaleyra
Sector Internet Software and Services
Buyer(s) Tata Communications
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Willkie Farr & Gallagher (Legal)

Target

Kaleyra

Milan, Italy
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 robust APIs, Kaleyra manages multi-channel integrated communication services, consisting of messaging, rich messaging, and instant messaging, video, push notifications, e-mail, voice services, and chatbots. Kaleyra was founded in 1999 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Tata Communications

Mumbai, India
Category Company
Founded 1986
Sector Communications
Employees7,144
Revenue 209.7B INR (2024)
DESCRIPTION

Tata Communications is a global digital ecosystem enabler powering today's fast-growing digital economy in more than 190 countries and territories. The company enables the digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. Tata Communications was incorporated in 1986 and is based in Mumbai, India.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Italy) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 The Switch

Osterville, Massachusetts, United States

The Switch has been connecting viewers around the world to live events by bringing them the content they want across linear TV, on-demand, and streaming platforms – on multiple screens and devices. The company's comprehensive production platform combines mobile and remote services to enable its customers to cost-effectively capture, edit and package compelling, high-quality live coverage. Its delivery network connects production facilities with 800+ of the world's largest content producers, distributors, and sports and event venues, seamlessly linking rights holders, broadcasters, streaming platforms, media outlets, and web services – and turning-on live content across the world. The Switch was formed in 1991 and is based in Osterville, Massachusetts.

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