Today, Kaleyra’s board and management team rang the opening bell at the NYSE, marking our official listing in the New York Stock Exchange. Kaleyra’s shares officially began trading on the NYSE under the Ticker Symbol “KLR” on November 26th, 2019. We are thrilled to achieve this milestone and are excited for our next phase of growth as a publicly listed company in the US capital markets.
Kaleyra executives rang the NYSE bell to mark Kaleyra’s listing on the NYSE
“We owe this success to our employees, partners, and clients who have helped us scale and achieve phenomenal growth in the recent years,” 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 ready to utilize all the opportunities ahead.”
Kaleyra’s growth story
The listing comes a little over a year after the company’s rebranding, 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.”
Driving innovation and customer-success
Kaleyra has a diversified portfolio with over 3000+ enterprise clients including firms like Uber, Amazon, and Aditya Birla. With the public listing, the company plans to expand its product portfolio and capture a bigger share of the cloud communication enterprise market.
“Our primary focus has always been to enhance our products and deliver value to our clients, ” says Ashish Agarwal, Chief Technology Officer, Kaleyra. He adds, “The customer-focused strategy has helped us scale our products and revenue. We have witnessed tremendous growth in the last decade. The public listing will further accelerate our growth and build up our capacity to deliver game-changing CPaaS solutions.”
Kaleyra’s proprietary cloud communication platform functions at a tremendous scale, sending out 24+ billion messages and 1+ billion voice calls per year. The combined enterprise revenue of the Kaleyra group is around $ 126 million with a projected growth of over 25%. Operations from India alone accounted for $ 40+ million in earnings this year. With the continued investment in its growth, Kaleyra is now aggressively looking to expand its customer base in North America and revolutionize the global cloud communication sector.
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