Kaleyra announces changes in the management
team: Nicola Junior Vitto departure
and new appointment of Mauro
Carobene
NEW
YORK, Aug. 11, 2023 /PRNewswire/
-- Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS)
("Kaleyra" or the "Company"), an enterprise Communication
Platform as a Service (CPaaS), announces certain management
changes.
As previously disclosed, on June 28, 2023, the Company
entered into an Agreement and Plan of Merger (the "Merger
Agreement") with Tata Communications Limited, a company listed on
BSE Limited and National Stock Exchange of India Limited ("Tata
Communications"), pursuant to which, at the closing, upon the terms
and subject to the conditions set forth therein, a wholly owned
subsidiary of Tata Communications will merge with and into the
Company, with the Company surviving as a wholly owned subsidiary of
Tata Communications.
Nicola Vitto has announced his
resignation from his position as Chief Product & Technology
Officer of Kaleyra, Inc. (the "Company"), with such resignation to
become effective on September 4,
2023.
In connection with the execution of the Merger Agreement, the
Company has ceased its search for a new Chief Executive Officer. It
is contemplated that Dario Calogero
will continue to serve as Chief Executive Officer of the Company up
to the closing of the Merger and Mauro
Carobene, the Company's Chief Business Officer has recently
entered into an agreement to become the Head of the
Kaleyra Business.
Dario Calogero, CEO of the
Company, commented: "I want to thank Nicola for his service with
Kaleyra throughout these years for the outstanding work in building
our platforms and services across our regions and I wish him all
the best for his future endeavors. At the same time, I want to
personally congratulate Mauro for the nomination as Head of the
Kaleyra Business."
About Kaleyra
Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) is a global
group providing mobile communication services to financial
institutions, e-commerce players, OTTs, software companies,
logistic enablers, healthcare providers, retailers, and other large
organizations worldwide. Through its proprietary platform and
robust APIs, Kaleyra manages multi-channel integrated communication
services, consisting of messaging, rich messaging and instant
messaging, video, push notifications, e-mail, voice services, and
chatbots. Kaleyra's technology makes it possible to safely and
securely manage billions of messages monthly with over 1,600
operator connections in 190+ countries, including all tier-1 US
carriers. For more information, please visit www.kaleyra.com.
Marketing Contacts
Zephrin Lasker
Senior Vice President, Marketing & Strategic Alliances
zephrin.lasker@kaleyra.com
Lori Perkins
Senior Director – Marketing and Communications
lori.perkins@kaleyra.com
Investor Contact
Shannon
Devine / Mark
Schwalenberg
MZ North America
+1 203-741-8811
KLR@mzgroup.us
Statement Regarding Forward-Looking Information
This Current Report on Form 8-K contains forward-looking
statements within the meaning of U.S. federal securities laws. Such
forward-looking statements include, but are not limited to, its
omnichannel and other product and global customer developments, and
its expectations, beliefs, intentions, plans, prospects or
strategies regarding the business plans of Kaleyra's management
team. Any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. In
addition, any statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements. The words "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intends," "may," "might," "plan,"
"possible," "potential," "predict," "project," "should," "would"
and similar expressions may identify forward-looking statements,
but the absence of these words does not mean that a statement is
not forward-looking. The forward-looking statements referenced or
contained on this Form 8-K are based on certain assumptions and
analyses made by Kaleyra in light of its experience and perception
of historical trends, current conditions and expected future
developments and their potential effects on Kaleyra as well as
other factors they believe are appropriate in the circumstances.
There can be no assurance that future developments affecting
Kaleyra will be those anticipated. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond
the control of the parties) or other assumptions that may cause
actual results or performance to be materially different from those
expressed or implied by these forward-looking statements, including
Kaleyra's ability to regain compliance with the NYSE Listing
Company Manual, the mix of services utilized by Kaleyra's customers
and such customers' needs for these services, including any
variability by geography, market acceptance of new service
offerings, the ability of Kaleyra to expand what it does for
existing customers as well as to add new customers, that Kaleyra
will have sufficient capital to operate as anticipated, and the
impact of other geopolitical and macroeconomic factors such as the
war in Ukraine, may have on
Kaleyra's operations, the demand for Kaleyra's products, global
supply chains and economic activity in general. Additional risk
factors that that may cause such a difference include, but are not
limited to: (i) the ability of the parties to consummate the
proposed transaction in a timely manner or at all; (ii) the
satisfaction (or waiver) of closing conditions to the consummation
of the proposed transaction; (iii) potential delays in consummation
the proposed transaction; (iv) the ability of Kaleyra and Tata
Communications to timely and successfully achieve the anticipated
benefits of the proposed transaction; (v) the occurrence of any
event, change or other circumstance or condition that could give
rise to the termination of the merger agreement; (vi) significant
transaction costs associated with the proposed transaction; (vii)
potential litigation relating to the proposed transaction; (viii)
the risk that disruptions from the proposed transaction will harm
Kaleyra's business, including current plans and operations; (ix)
the ability of Kaleyra to retain and hire key personnel; (x)
potential adverse reactions or changes to business relationships
resulting from the announcement or completion of the proposed
transaction; (xi) legislative, regulatory and economic developments
affecting Kaleyra's business; (xii) general economic and market
developments and conditions; (xiii) the evolving legal, regulatory
and tax regimes under which Kaleyra operates; and (xiv) potential
business uncertainty, including changes to existing business
relationships, during the pendency of the merger that could affect
Kaleyra's financial performance. Therefore, you should not place
undue reliance on any such statements and caution must be exercised
in relying on forward-looking statements. The Company refers you to
the "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" sections of the
Company's Form 10-K for the fiscal year ended December 31, 2022, and comparable sections of the
Company's Quarterly Reports on Form 10-Q and other filings, which
have been filed with the SEC and are available on the SEC's website
at www.sec.gov. Should one or more of these risks or uncertainties
materialize or should any of the assumptions being made prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. We undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
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SOURCE Kaleyra US