Local Business

Kaleyra rings bell to mark NYSE listing

Staff Report/Dubai
Filed on November 26, 2019


Kaleyra, a global cloud communication software provider, which has its Middle East base in Dubai, announced its official listing on the New York Stock Exchange by ringing the opening bell on Tuesday.

The company's shares began trading on the NYSE under the Ticker Symbol "KLR".

"This is a significant milestone for us as we begin our next phase of growth as a publicly-traded company," stated Dario Calogero, chief executive officer, Kaleyra. "The listing opens up new possibilities to drive product innovation and fuel our expansion into new markets. We are excited and ready to utilise all the opportunities ahead."

The announcement comes a little over a year after the company's re-branding, following the strategic union of the India-based Solutions Infini and the Italy-based Ubiquity. The company had also acquired Hook Mobile in 2018. Kaleyra has now transitioned into the US capital markets as a public company through a tie-up with Gig Capital Inc. The listing will further strengthen Kaleyra's capital structure and capabilities to deliver advanced CPaaS solutions on a global scale.

Aniketh Jain, general manager, Global Enterprise Business, Kaleyra, says: "It is a proud moment for all of us at Kaleyra and marks the beginning of a new chapter for us. We have come a long way from our initial days as a bootstrapped startup to being a global brand that drives revenue for some of the largest enterprises in the world. We have worked tirelessly to strengthen our products, our partnerships, and achieve this growth. As we embark on this new journey as a public company, we will continue to work hard, innovate, and build impactful products."

"Our primary focus has always been to enhance our products and deliver value to our clients," said Ashish Agarwal, chief technology officer, Kaleyra.

Kaleyra has a diversified portfolio with over 3,000 enterprise clients including firms like Landmark Group, MH Alshaya Group, Fetchr to name a few in the Mena region. With the public listing, the company plans to expand its product portfolio and capture a bigger share of the cloud communication enterprise market in Mena from its office based out of Downtown Dubai.

- issacjohn@khaleejtimes.com

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