Knowlarity Communications acquires Unicom Techlabs

NEW DELHI, INDIA: Knowlarity Communications, a cloud telephony company has announced the acquisition of 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, a company release said.

The 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.

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."