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Italy-based messaging platform Ubiquity has invested an undisclosed amount in Bengaluru-based cloud telephony and enterprise communication startup Solutions Infini to acquire 51% stake.
Founded in 2009, Solutions Infini Technologies (I) Pvt. Ltd is an enterprise and bulk messaging solutions provider.
Talking about the investment, Dario Calogero, Founder and CEO, Ubiquity said, “This will help us diversify our revenue stream and this integration of two platforms into a single compelling platform will cover the whole stack of communications in a seamless way for both large and medium accounts.”
As per a company statement, Solutions Infini’s SMS gateway has the capability of delivering messages to more than 1,000 network operators in over 190 countries. It started initially with its headquarters in Bengaluru and has offices in Mumbai, Delhi, Hyderabad, and Kolkata. It also made a mark in Jaipur, Lucknow, Ahmedabad, Chandigarh, and Indore. It has more than 5,000 clients which include the likes of Flipkart, Ola, Jabong, Practo, Bank of Baroda, Federal Bank, Vijaya Bank and Muthoot Finance.
As a result of the partnership Ubiquity will be able to build a global mobile communications services company. On the other hand, Solutions Infini is looking to foray into the European and US market and target customers.
The collaboration will result in the opening of new offices across India, Middle East, and various parts of Europe.
Earlier this year in August, Boomtrain, a US-based marketing platform that uses artificial intelligence (AI) signed a definitive agreement to acquire Bengaluru-based Nudgespot. The terms of the acquisition were undisclosed. Other startups in this segment include Indore-based enterprise messaging solutions provider MSG91, Mobile multi-channel messaging platform mGage etc.
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