Kaleyra to acquire mobile messaging solution provider mGage for $215M
The combination of Kaleyra and mGage places the US-based tech companies in a strong position in the cloud communication platform-as-a-service market.
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Kaleyra Inc, a cloud communications software provider, recently announced it has signed a definitive agreement to acquire
mGage a mobile messaging provider
for $215 million in a cash and stock deal.
The two US-headquartered tech companies have global operations, including a presence in India.
Under the terms of the acquisition,
Kaleyra will acquire mGage for a
total purchase price of about $215 million, subject to adjustments. The consideration to mGage shareholders will consist of