Knowlarity on expansion spree, acquire Unicom

Knowlarity Communications, pioneers of Cloud Telephony in India, acquires Unicom Techlabs Pvt. Ltd, a cloud telephony start-up based in New Delhi. Knowlarity, which is on an expansion spree, is India's first ever company to acquire an associate telephony start-up in this domain.

Unicom Techlabs, starting out in May 2012, introduced their Cloud Telephony service, Cloud Line, soon after inception. The company was on course to breaching the 1 Crore bench mark in sales for 2014 before it chose to go with the exit option. With this acquisition, Knowlarity acquires Unicom's 200 plus customers in SMB, E-commerce, Real Estate, Healthcare, Education and media segment. Besides Unicom's IT domain and customers, Knowlarity will get full ownership of intellectual propriety belonging to the company.

Knowlarity is one of the fastest growing business telephony solution providers in India with 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 75 Crores by 2015. The company welcomes both organic and inorganic growth in the segment and has taken steps towards market consolidation through thorough customer diligence and market and technological advancements.

Ms. Shruti Agarwal, CFO, Knowlarity adds, "We at Knowlarity are overwhelmed to have successfully acquired Unicom. It is also a great learning experience for all the consequent deals in the pipeline for 2014 which will take us further towards our goal of market consolidation. 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."

Mr. Puneet Kaura, Founder of Unicom said, "Owing to the competitive edge in the IT sector, we decided to take the initiative of seeking help from the industry experts and Knowlarity being the leaders were among the finest options we had. We drew the deal to expose our customers to a more refined outlook, expert technological advancements and advanced ways of servicing the customers".

Source : Equity Bulls

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