08/02/2018 | Press release | Archived content
NEW YORK, Aug. 2, 2018 /PRNewswire/ -- Today, Kaleyra, a leading provider of global messaging services for banks, SME and large enterprise clients, signed a definitive agreement for the acquisition of the American firm Hook Mobile.
Hook Mobile is an innovative mobile cloud messaging services provider with extensive experience, global connectivity, and an enterprise grade CPaaS platform supporting clients worldwide and with specific expertise in the North, Central and South American markets. Hook Mobile has distinguished itself with its innovation in the area of virtual local numbers which it started offering internationally as early as 2013. Nowadays, it reaches over 50 countries, aiming for over 100 countries by 2019.
As a result of this acquisition, Kaleyra becomes a true global leader with significant presence in Europe, Asia and the Americas, with combined revenues of over 100 million dollars and a team of over 200 people across 12 locations.
'This transaction is a step forward in our aspiration to go global. Hook Mobile is a very innovative company with expertise in Virtual Local Number services. Thanks to this deal, Kaleyra will now be active in strategic markets such as the US and the LATAM's,' commented Dario Calogero, CEO at Kaleyra.
Terry Hsiao, Chairman at Hook Mobile, said: 'We are very pleased to join such an impressive global player as Kaleyra. This acquisition enables us to enhance our service capabilities in the areas of banking and a multitude of enterprise-based solutions while enabling us to speed up our roll out of virtual local number services worldwide.'
In 1999 Dario Calogero launched Ubiquity, a Milan-based firm specialized in messaging solutions to the BFSI industry in Italy. In 2016, the company grew significantly, following the opening of a branch in Switzerland and the acquisition of Solutions Infini in India. Today, Kaleyra is made up of the combination of the European Ubiquity, the Asian Solutions Infini, and the American Hook Mobile. Kaleyra handles close to 3 billion messages per month. Together, they provide a broad range of integrated multi-channel communication services involving the use of messages, push notifications, e-mail, instant messaging, voice and chatbot services.
Chiomenti acted as legal advisor of Kaleyra on the corporate side of the transaction. Venable was the legal advisor of Kaleyra for the US market. Orrick was the legal advisor of Hook Mobile.
KPMG supported Kaleyra in the financial and tax structure of the due diligence.
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Released August 2, 2018