February 19, 2021

Kaleyra to Acquire Mobile Messaging Solution Provider mGage for $215 Million and Prices $200 Million of Senior Unsecured Convertible Notes and $125 Million Common Stock

VIENNA, Va. & ATLANTA–(BUSINESS WIRE)– Kaleyra, Inc. (NYSE: KLR) (KLR WS) (“Kaleyra” or the “Company”) a rapidly growing cloud communications software provider delivering a secure system of application programming interfaces (APIs) and connectivity solutions in the API/Communications Platform as a Service (CPaaS) market, today announced it has signed a definitive agreement to acquire mGage, a leading global mobile messaging provider for $215 million in cash and Kaleyra common stock.

See full press release here