M&A

M&A

Tanla Platforms acquires cloud comm co ValueFirst for Rs.346-Cr

Economic Times  

Hyderabad-based Tanla Platforms, which provides communication tools on the cloud, is to buy Gurugram-headquartered ValueFirst for INR 346 crore (USD 42 million) in cash. ValueFirst is owned by US-headquartered cloud communications company Twilio. Separately, Tanla Platforms also signed a binding term sheet to acquire ValueFirst Middle East FZC for a cumulative value of INR 20 crore through a combination of primary investment and purchase of shares from its existing shareholders. At an aggregate level across these two distinct acquisitions, Tanla is acquiring entities with INR 950 crore revenue and INR 52 crore recurring Ebitda.