Industry-leading conversational engagement platform Gupshup has announced that it has acquired cloud communications solution Knowlarity Communications. The strategic move helps Gupshup upgrade its conversational messaging suite with a full lineup of voice, text, video, and AI communication tools.
“As business-to-consumer engagement becomes conversational, Gupshup is busy enabling more ways for businesses to deliver rich experiences. With the addition of Knowlarity’s products, businesses will now be able to build seamless conversational experiences across both messaging and voice channels,” said Beerud Sheth, co-founder and CEO, Gupshup.
“Knowlarity is the clear market leader in voice – their comprehensive product suite spanning cloud telephony and contact center automation, along with excellent customer traction will further enhance Gupshup’s leadership position. I’m excited to welcome the Knowlarity team to the Gupshup family.”
Knowlarity’s business communication tools help brands streamline personalized journeys with multi-channel platforms, leading CRM integrations, scalable technology, and 24/7 support. Around the world, the solution services more than 6,000 customers located in 65 countries.
Expert predictions project the voice-based conversational engagement to account for a total addressable market of almost $18 billion by 2024. Knowlarity has taken advantage of the growing market and has expanded its own revenues by 50 percent over the previous year.
Top global brands such as Hyundai, Unilever, and OYO Rooms trust the solution to help manage and optimize their B2B and B2C engagements.
“We at Knowlarity are excited to be a part of Gupshup. This will lead to richer experiences for our existing and future customers along with product enrichment and significant geographic expansion opportunities. Our customer-centric, innovation-focused cultures are perfectly aligned and we see significant synergies and new products emerging from the combination of two great teams,” said Yatish Mehrotra, CEO, Knowlarity.
Gupshup’s conversational messaging API solution is one of the industry’s leading platforms for commerce, marketing, and support. Around the world, the platform supports more than 6 billion messages per month for nearly 40 thousand top brands such as Facebook, Twitter, Cisco, Kellogg’s, and Google.
“Customers want to be able to communicate with enterprises in text, voice, and other channels of choice. Knowlarity is the pioneer of enterprise telephony in emerging markets. Gupshup is the market leader in messaging. Gupshup’s acquisition of Knowlarity creates the largest and most advanced communication leader in the fast-growing emerging market economies,” said Ambarish Gupta, co-founder of Knowlarity.