| |JULY 20238TECH MINTTata Communications is planning to acquire US-based enterprise messaging firm Kaleyra for about $ 100 million in an all-cash deal, according to reports.With operations in over 190 countries, Kaleyra provides integrated communication services with a set of proprietary platforms, offering targeted personalization through messaging, video, push notifications, e-mail and voice-based services and chatbots."Tata Communications has agreed to acquire Kaleyra, Inc in a cash-only transaction, at a price per share of $ 7.25 for a total consideration to Kaleyra shareholders of approximately $ 100 million and the assumption of all outstanding debt," according to the company.With this transaction, Tata Communications will gain an industry-proven platform with strong capabilities and scale Upon closing of the transaction, expected in six to nine months, Kaleyra Inc will become a subsidiary of Tata Communications Limited, as per reports.Kaleyra claims to have a strong presence in the business communications market in banking and financial services, retail and digital commerce industries across global markets, in addition to a team with expertise in technology, engineering and research and development.According to the company, Tata Communications will also benefit from Tier 1 carrier connections in the US, ready connectors to third-party platforms, and video services without the need for 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 says. India and the United States will soon develop and deploy Digital Public Infrastructure (DPIs) in developing countries, on the heels of Prime Minister Narendra Modi's visit to the US, according to reports.According to reports about developing a US India Global Digital Development Partnership under which the two countries will bring together technology and resources from both countries to enable development and deployment of DPIs in developing countries.This will include appropriate safeguards to protect privacy, data security and intellectual property, as per reports.The United States and India recognize the potential of Digital Public Infrastructure (DPI) approaches for enabling open and inclusive digital economies.US President Joe Biden and PM Modi intend to work together to provide global leadership for the implementation of DPI to promote inclusive development, competitive markets, and protect individual rights.In this regard, the United States and India will explore how to partner together and align our efforts to advance the development and deployment of robust DPIs, including appropriate safeguards to protect privacy, data security and intellectual property, as per reports.They will explore developing a U.S.-India Global Digital Development Partnership, which would bring together technology and resources from both countries to enable development and deployment of DPIs in developing countries, according to reports. TATA COMMUNICATIONS TO ACQUIRE KALEYRA FOR $ 100 MILLIONINDIA, US TO ARRAY DIGITAL PUBLIC INFRA IN DEVELOPING COUNTRIES SEPARATOR
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