Expanding Omnichannel CPaaS Platform with
Audio/Video
Kaleyra, Inc. (NYSE American: KLR) (KLR.WS), the global group
providing mobile communication services to large enterprises, today
announced it has acquired Bandyer for an undisclosed amount.
Bandyer offers cloud-based audio/video communications services to
financial institutions, retail companies, utilities, industries,
insurance, human resources and digital healthcare
organizations.
Bandyer has been serving customers with Audio/Video APIs and
SDKs based on WebRTC technology for a variety of use cases
including group video calls and webinars. Bandyer's two competitive
differentiators are that users do not need to download any software
and that the whole user experience can be branded and customized to
a user’s specifications.
Bandyer’s solution is extremely suitable for different
industries and completely compatible with any device, expanding and
complementing Kaleyra’s offering. Most importantly, Bandyer’s
collaboration suite incorporates the latest technologies such as AR
and AI, providing an innovative customer experience, driven by the
latest trends in the video communication scenario.
“The acquisition of Bandyer adds video capabilities to Kaleyra’s
already wide offering of communication channels. During the
pandemic, consumers got used to having fewer in-person touchpoints
with businesses, and video is the best available proxy for these
in-person interactions,” explains Nicola Jr. Vitto, Chief Product
Officer at Kaleyra. “Our product portfolio already includes
messaging, push notifications, e-mail, voice services, and
chatbots. With the addition of Bandyer’s video offering, Kaleyra’s
offerings become a complete suite of tools for omnichannel customer
engagement designed for exceptional cross-channel customer
experiences.” Dario Calogero, CEO of Kaleyra, added “Bandyer's deep
experience serving banks and insurance companies pairs perfectly
with Kaleyra's strength in the financial services industry, and
they have been an incredible partner for Kaleyra in the last year.
Their unique product offering matches the security, reliability,
and needs of highly demanding customers, like BFSI organizations
and healthcare institutions, and enhances our positioning as the
trusted CPaaS.”
With this acquisition, Kaleyra is continuing to ramp up its
M&A activity, as it completed the acquisition of the US-based
mobile engagement platform mGage on June 1.
About Bandyer
Bandyer has achieved a leading role in the Italian video
programmable market, by offering a solution based on WebRTC
technology. Bandyer is designed and built to be the easiest
programmable video solution on the market and thanks to its
complete set of REST APIs and SDKs, it is easy to set up and
customize within the company's digital touchpoints. The solution
works both via web and mobile, just by clicking on a simple link,
and is easy to integrate into any corporate platform for a seamless
experience. Bandyer supports all the communication tools: chat,
videoconferencing, and collaboration, allowing companies to have a
branded and private communication channel to support, advise, and
interact with their customers.
About Kaleyra
Kaleyra, Inc. (NYSE American: KLR) (KLR WS) is a global group
providing mobile communication services to financial institutions,
e-commerce players, digital giants, software companies, logistic
providers, healthcare, and other large organizations worldwide.
Founded in 1999 as Ubiquity, merged with Solutions Infini in 2016,
and rebranded as Kaleyra in 2018, the company acquired US-based
Hook Mobile in 2018 and the global mobile engagement provider mGage
in 2021. Kaleyra today has over 1600+ operator connections in more
than 190 countries and a customer base of 3800+ organizations
around the world.
Kaleyra’s technology makes it possible to safely and securely
manage billions of messages monthly with a reach to hundreds of
MNOs, including all tier-1 US carriers. Through its proprietary
platform and robust APIs, Kaleyra manages multi-channel integrated
communication services on a global scale, consisting of messaging
and instant messaging, push notifications, e-mail, video, voice
services, and chatbots.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including with respect to the anticipated benefits of the
acquisition of Bandyer by Kaleyra, including Kaleyra’s projected
future offerings and market opportunities following the acquisition
of Bandyer. These forward-looking statements generally are
identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," "will be,"
"will continue," "will likely result," and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: (i) risks that the
transaction disrupts current plans and operations of Bandyer and
potential difficulties in Bandyer employee retention as a result of
the transaction, (ii) changes in the competitive and highly
regulated industries in which Kaleyra and Bandyer operate,
variations in operating performance across competitors, and changes
in laws and regulations affecting Kaleyra’s and Bandyer’s
businesses, (iii) the ability to implement business plans,
forecasts, and other expectations after the completion of the
transaction, and identify and realize additional opportunities,
(iv) the risk of downturns and a changing regulatory landscape in
the highly competitive communications industry and (v) the size and
growth of the market in which Kaleyra operates, (vi) the mix of
services utilized by Kaleyra’s customers and such customers’ needs
for these services, (vii) market acceptance of new service
offerings, (viii) the ability of Kaleyra to expand what it does for
existing customers as well as to add new customers, (ix) that
Kaleyra will have sufficient capital to operate as anticipated, and
(x) the impact that the novel coronavirus and the illness,
COVID-19, that it causes, as well as governmental responses to deal
with the spread of this illness and the reopening of economies that
have been closed as part of these responses, may have on Kaleyra’s
operations, the demand for its products, global supply chains and
economic activity in general. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the "Risk Factors"
section of the Kaleyra’s Annual Report on Form 10-K for the year
ended December 31, 2020, the Company’s Quarterly Report on Form
10-Q for the quarter ended March 31, 2021 and other documents filed
by the Company from time to time with the U.S. Securities and
Exchange Commission (the "SEC"). These filings identify and address
other important risks and uncertainties that could cause actual
events and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Should one or more of these risks or
uncertainties materialize or should any of the assumptions being
made prove incorrect, actual results may vary in material respects
from those projected in these forward-looking statements. Readers
are cautioned not to put undue reliance on forward-looking
statements. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20210708005530/en/
Investor Contact: Marc P. Griffin ICR, Inc.
Marc.Griffin@icrinc.com ir@kaleyra.com 646-277-1290
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