Kaleyra Acquires Cloud Communication Provider Bandyer For Undisclosed Sum

Mobile communication services provider Kaleyra Inc KLR acquired Bandyer for an undisclosed amount.
Bandyer offers cloud-based audio and video communications services to financial institutions, retail companies, utilities, industries, insurance, human resources, and digital healthcare organizations.
Bandyer has been serving customers with Audio/Video APIs and SDKs based on WebRTC technology. Here users do not need to download any software. It can brand and customize the whole user experience.
Kaleyra held $39.8 million in cash and equivalents as of March 31, 2021.
Price action: KLR shares traded lower by 0.64% at $12.33 on the last check Thursday.

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