Knowlarity Communications, a Gurgaon based cloud telephony startup has acquired Unicom Techlabs for an undisclosed amount. As a part of the deal, besides Unicom’s IT domain and 200+ customers in various segments, Knowlarity will get full ownership of intellectual propriety belonging to the company.
Based out of New Delhi and founded in May 2012, Unicom Techlabs was an initiative of tech duo, Puneet Kaura and Abhinav Jha. The team introduced their Cloud Telephony service, CloudLine, soon after inception. It offered services like virtual call center, toll free number services – audio conference bridge , interactive voice response solutions to businesses.
The company was on course to breaching the Rs 10 million benchmark in sales for 2014 before it chose to go with the exit option as reported.
With this acquisition, the team seems willing to seek more refined outlook, expert technological advancements and advanced ways of servicing the customers.
As per Shruti Agarwal, CFO, Knowlarity, the company is further planning more deals in 2014. “Knowlarity is more than willing to help startups looking for an exit option in a fast consolidating market. We have more acquisitions planned in the coming year which is definitely a promising start to 2014 for all of us at Knowlarity”, she added.
Knowlarity, backed by Sequoia Capital, currently has operations in more than 65 countries. It caters to 6000 paid customers and 1 Lakh free users and is on course to reaching an annual turnover of Rs 750 million by 2015.
To contact author, email at email@example.comCategory Investments News