Kaleyra buys cloud communications company Hook Mobile

Kaleyra, a provider of global messaging services for banks, SME and large enterprise clients, has agreed to buy Hook Mobile.

Founded in 2006 and led by and Soren Schafft, CEO, and Terry Hsiao, Chairman, Hook Mobile is a mobile cloud services company with expertise in mobile messaging, device, and network intelligence.

The Virginia, US-based (cloud communications company currently reaches over 50 countries with VLN services, close to 200 countries with standard messaging services, and has sent billions of enterprise messages worldwide.

Following the acquisition, Kaleyra no has a presence in Europe, Asia and the Americas, with combined revenues of over $100m a team of over 200 people across 12 locations.

“This transaction is a step forward in our aspiration to go global. Hook Mobile is a very innovative company with expertise in Virtual Local Number services. Thanks to this deal, Kaleyra will now be active in strategic markets such as the US and the LATAM’s,” commented Dario Calogero, CEO at Kaleyra.

Led by Calogero, Kaleyra is provides mobile messaging services for SMEs and leading brands such as one of the tier one e-commerce firm, a tier one global CRM provider, a tier one OTT messaging provider, as well as a broad range of renowned banks and related financial institutions.

The company manages integrated multi-channel communication services, using messages, push notifications, e-mail, instant messaging, voice and chatbot services.

Hsiao added: “We are very pleased to join such an impressive global player as Kaleyra.This acquisition enables us to enhance our service capabilities in the areas of banking and a multitude of enterprise-based solutions while enabling us to speed up our roll out of virtual local number services worldwide.”

Copyright © 2018 RegTech Analyst

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