March 4, 2019 – Italy | La Stampa (Tutto Soldi) – Maurizio Tropeano

Kaleyra is looking for global investors in SMS services for banks and enterprises

“It was 1999 when Dario Calogero, with the support of Simone Fubini, founded Ubiquity and decided to invest in mobile messaging services for banks “at that time this market in Italy was in the early stages yet“. Thirty years later, thanks to an internationalization process realized through acquisitions and the creation of the group Kaleyra, the quotation at Wall Street has arrived.

This hi-tech company founded in Italy, has realized a “business combination” with GigCapital, a subject of “private to public equity“, specialized in the market of technology, media and telecommunication, that was already listed at Nyse.

The “ticker” realized from this combination will be KLR. The closing of the operation and the debut on the Stock Exchange are planned for the second half of the 2019, once the Sec will give the green light.

The internationalization path has begun in 2016 with the opening of a branch in Switzerland. At the end of the same year, the company acquired Solutions Infini, with headquarter in Bangalore, India, a company that operates in the same market offering communication services to enterprises.

At the end of this operation, Ubiquity was rebranded in Kaleyra, and on August 2018, the company enters into the American market acquiring Hook Mobile.