| | JULY 20238Kaleyra, a US-based workplace messaging company, will be acquired by Tata Communications for $100 million in cash, the company announced.With a number of unique platforms, Kaleyra offers integrated communication services with targeted personalization via messaging, video, push notifications, email, voice-based services, and chatbots.According to the announcement, Tata Communications would obtain an established platform with great capabilities and scale through this deal."Upon closing of the transaction, expected in six to nine months, Kaleyra Inc will become a subsidiary of Tata Communications Limited," it said.In addition to a staff with experience in technology, engineering, and research and development, Kaleyra asserts to have a significant position in the business communications sector in the banking and financial services, retail, and digital commerce industries across worldwide marketplaces.According to the announcement, Tata Communications will also profit from connections to Tier 1 carriers in the US, ready connectors to third-party platforms, and video services that don't require additional software plug-ins."We are excited about Kaleyra's remarkable talent and their demonstrated capabilities in next-gen technologies. With this acquisition, we will further build intelligent, intuitive and innovative multi-channel communication solutions to unlock new growth opportunities for our customers," Tata Communications MD and CEO AS Lakshminarayanan said.The emerging company will take advantage of Tata Communications' substantial global enterprise customer base, which includes 300 Fortune 500 organizations, relationships with mobile network operators, and potential for international expansion.Kaleyra recorded revenue of $339.2 million for the entire year that concluded on December 31, 2022. Manoj Kohli, a seasoned business professional, has been hired by Deloitte as a senior advisor.In his 44-year career, which spanned 30 nations, Kohli worked as the Country Head of Softbank India, where he was instrumental in growing the company's foothold in the Indian market for digital start-ups.Prior to that, he was Bharati Airtel's CEO and Managing Director, where he was responsible for the company's expansion and market leadership in India's telecom sector."Deloitte Touche Tohmatsu India LLP announced the appointment of Manoj Kohli as Senior Advisor to the organization," Deloitte said in a statement.Kohli will use his considerable business and industry experience in his position at Deloitte.According to a statement from Deloitte, his knowledge in the technology, telecommunications, renewable energy, and digital sectors will be crucial in helping to advise the organisation on strategic objectives, innovation, the changing business landscape, improving client experience, and creating value for stakeholders.Deloitte South Asia CEO Romal Shetty said, "I believe his (Kohli's) insights and guidance will be invaluable as we continue to deliver high-quality services to our clients and pursue our growth ambitions."Kohli said, "The organization's reputation for trust, excellence, commitment to innovation, and focus on delivering value align perfectly with my own professional values". TATA COMMUNICATIONS TO ACQUIRE US FIRM KALEYRA FOR $100 MILLIONDELOITTE HIRES MANOJ KOHLI AS SENIOR ADVISORIN FOCUSIN FOCUS
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