Deal to create a global mobile communications services company targeting emerging markets
BENGALURU, 21st October 2016: With an eye on key emerging markets like India, leading Italian mobile services provider, Ubiquity, today announced that it has acquired a majority stake in Solutions Infini, a Bengaluru-based enterprise communication and cloud telephony services startup. This strategic 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 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.
Dario Calogero, founder and CEO of Ubiquity said “The mobile services industry is growing rapidly in many parts of the world. Increasingly, corporate decisions about professional mobile communications are based on the capability to reach and connect with customer bases across the world through simple and fast technologies. We recognize that network scale, technology, marketing expertise and customer loyalty are keys to a new generation of mobile and location-based digital marketing services. Therefore, we believe Solutions Infini will be an excellent addition to our existing businesses, thanks to its state-of-the-art cloud platform, outstanding management team, and its large customer and partner base”.
Founded in 2009, Solutions Infini has a state-of-the-art cloud-based technology platform which 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, Bank of Baroda, Federal Bank, Vijaya Bank and Muthoot Finance.
Ashish Agarwal, founder and CTO of Solutions Infini said “Solutions Infini has an eight-year history of constant success and impressive growth. We have built modern scalable, integrated technology to enable our enterprise customers to have superior customer engagement using mobile communication.
Joining Ubiquity will help us accelerate our expansion into new, international markets and also allow us to drive greater value to consumers and help them grow their businesses” said by Aniketh Jain, co-founder and CEO of Solutions Infini.
The deal, which is subject to regulatory approvals, is expected to close in early 2017, following which, Solutions Infini will become a subsidiary of Ubiquity. The startup’s business operations will continue to be led by its two main founders, Aniketh Jain and Ashish Agarwal. The duo will also assume larger global roles at Ubiquity.
InteQuant Advisors acted as exclusive financial advisor and J. Sagar Associates served as legal advisor to Solutions Infini, while UniCredit acted as hedging bank and financing advisory, and Khaitan & Co and Legance served as legal advisor to Ubiquity.
About Solutions Infini
Founded in 2009, Solutions Infini is among the top companies in India specializing in mobile messaging services to connect companies with their customers. With more than 5000 customers, Solutions Infini has a booming business in the Asian market, with an annual revenue run rate of $25 million with CAGR of over 80%. The company’s founding team comprises of Aniketh Jain (co-founder and CEO), Ashish Agarwal (co-founder and CTO), Mohammad Faraz, Vinay Jain and Shivam Prasad.
Headquartered in Bangalore, with a network of 7 offices and over 120 employees, Solutions Infini is the only player in the Indian market to provide integrated communications solutions via notifications, voice and email, enabled by its cloud-based technology platform.
For further information, visit: www.solutionsinfini.com
Ubiquity, established in 1999, is a global messaging platform-company, focusing on ubiquitous communication for large accounts and financial institutions. Ubiquity services include: premium & bulk messaging, push notifications, e-mails and instant messaging.
In 2015, the total notification traffic directed by Ubiquity was over 725 million, with a 31% growth rate compared to the previous year. Headquartered in Milan, Italy, the company has 70 professionals, and its subsidiary, Ubiquity International SA in Switzerland, in the Tecnopolo Campus of Manno.
On November 3rd 2015, Ubiquity became a certified ELITE company of the Italian Stock Exchange/LSE, successfully completing the programme in less than two years.
For further information, visit: www.ubiquity.eu