Italy-based messaging platform Company, Ubiquity has picked up 51% stake in Bangalore-based cloud communications company Solutions Infini for an undisclosed amount.
The acquisition will broaden Ubiquity’s offerings and business solutions, including the addition of an innovative voice services platform by expanding its range of services to the enterprise and developer segments, the company said in a statement.
The investment is part of Ubiquity’s drive to build and diversify its revenues and expand its international presence beyond Europe, particularly in the emerging markets, whilst also providing Solutions Infini with a global platform to scale up in other international markets.
The combination of the two companies will create a global group with offices in 10 locations across Europe, India, and the Middle East, with a collective turnover of over $65 Million and 180 employees. Ubiquity officials expect this partnership to help generate combined business revenues of over $200 Million by 2020.
Founded in 2009, by Ashish Agarwal and Aniketh Jain, Solutions Infini enables enterprises across industries to engage with their customers using mobile messaging, voice communication and e-mail. With a customer base spread across Asia, the company today boasts of a list of more than 5,000 clients which include the likes of Flipkart, Ola, Jabong, Practo, Foodpanda, Bank of Baroda, Federal Bank, Vijaya Bank and Muthoot Finance.