Kaleyra completed the acquisition of mGage for $215m.

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.