Messaging solutions provider Mavenir has acquired Telestax for an undisclosed sum.

Telestax’s Communications Platform-as-a-Service (CPaaS) enablement solutions are expected to enhance Mavenir Engage, the vendor’s cloud- messaging monetisation and customer engagement offerings.

Mavenir Engage is cloud-based and provides CSPs, systems intergrators and channel partners with RCS Business Messaging, messaging monetization capabilities, and chatbots, as well as access to different messaging ecosystems.

It is anticipated that the addition of Telestax’s capabilities will enable service providers with new agile, nimble SaaS service models to better compete in the new digital economy, deliver specialisation, flexibility, and simplicity, and provide easy-to-consume APIs and business critical applications.

Pardeep Kohli, President and CEO of Mavenir, stated:

“Communication platforms are becoming a key differentiator for service providers”

“They will unlock enterprise value in 5G with API enablement for different verticals, such as IoT, smart cities, automotive, and provide turnkey applications for logistics, fleet management, AI/ML chatbots, voice biometrics verification, immersive commerce/entertainment, and many other use cases.”

Ian Maclean, SVP/GM Cloud Services at Mavenir, added: “CPaaS is the key enabling technology for our Mavenir Engage service to position Communications Service Providers (CSPs) at the forefront of the digital engagement landscape.

“With this acquisition, Mavenir is lowering the barrier of entry and democratising business messaging for businesses of all sizes to implement conversational commerce experiences”

Jean Deruelle, co-founder and CTO, Telestax, added: “From our roots as an open source communications disruptor that defined the CPaaS Enablement Market with the Restcomm API framework, we are incredibly excited to join forces and combine our capabilities with Mavenir’s extensive 5G and omnichannel messaging portfolio in the next step of our journey to keep helping carriers globally define the future of business communications.”

451 Research’s recent Workforce Productivity and Collaboration 2021 CPaaS Market Monitor report forecast that total market revenue increased by over 40 percent to $6.5bn in 2020, and will account for around $21bn in 2025.

“The early definition of CPaaS in terms of PSTN connectivity has been augmented to include a much broader range of services,” stated Raúl Castañón-Martínez, Senior Analyst, Workforce Productivity and Collaboration at 451 Research.

“Vendors that provide the full communication service stack – including the API layer and network infrastructure – have a competitive advantage from those whose strategy primarily focuses on the API layer and relies on partnerships to provide access to the network layer.”

 

 



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