Route Mobile Limited (“Route Mobile”), among the leading cloud communication platform service providers to enterprises, over-the-top (“OTT”) players and mobile network operators, acquires key technologies and its related contracts on a slump sale basis from TeleDNA, a company specializing in the development of telecom related solutions like MMSC (Multimedia Messaging Service Center), SMSC (Short Message Service Center platforms, SMS HUB and SMS firewall headquartered in Bengaluru.
TeleDNA operates in telecom middleware and has developed telecom solutions involving SMSC, MMSC, SMS HUB, SMS FIREWALL, WAP (Wireless Application Protocol) Gateway, USSD (Unstructured Supplementary Service Data), LBA (Location-Based Application), CBC (Cell Broadcast Centre), and Alert SMSC, and has several telecom operators as clients.
Rajdipkumar Gupta, Managing Director and Group Chief Executive Officer, Route Mobile, said, “Post the success of our IPO, we plan to be in line with our vision of inorganic growth. We believe this strategic acquisition will augur really well for Route Mobile group and for 365squared Limited in particular. It will enable us to offer a deeper & comprehensive portfolio of products to the telecom operators which will enable us to fortify our relationship with MNOs (Mobile Network Operators) and drive a strong momentum.”
Rory Kyte, CEO of 365squared Ltd said, “This acquisition fits nicely with our strategy and is aligned with our goals to expand our technological capabilities, deepen our product portfolio, and helps 365squared Ltd deliver more value to our existing and future customers. I am excited to see the relevant TeleDNA teams joining Route Mobile Group and look forward to the future innovations they will help Route Mobile group bring to the market.”