Kaleyra Buys mGage, Propels Into The Top 5 CPaaS Players

  • An interesting company operating in the high-growth CPaaS market.
  • Covid headwind marred 2020 results but 2021 should be better.
  • Acquired mGage, which will propel it to the No. 5 spot and significantly improve its margin profile, and the acquisition price was surprisingly modest.
  • The merger is likely to bring a host of cross-selling opportunities and lower carrier rates.
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