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Announced

Completed

Kaleyra completed the acquisition of mGage for $215m.

Financials

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Transaction Value£153m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

mobile marketing services

Single Bidder

Acquisition

Cross Border

Friendly

sms

mobile engagement

Majority

Digital Services

United States

Completed

Private Equity

Synopsis

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Kaleyra, a cloud communications software provider, completed the acquisition of mGage, a mobile messaging provider, for $215m. “This combination will accelerate and expand Kaleyra’s opportunity to serve the CPaaS market which is expected to reach $26bn in 2025 with a compound annual growth rate of 35% and the broader A2P Enterprise messaging market which is expected to reach $78bn in 2022," Dario Calogero, Kaleyra Founder and CEO.

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