Tanla Platforms set to go global, platform business to propel growth
Cash reserves to be utilised towards strategic acquisitions, investments in innovation and product-led growth
Hyderabad: Hyderabad-based Tanla Platforms, a provider of Communication Platform as a Service (CPaaS), is pursuing large greenfield opportunities and creating a niche for itself in this domain.
According to technology research firm Gartner, the global CPaaS target addressable market by 2023 is expected to be $47 billion, which in effect is the market opportunity for Tanla, the company stated.
Addressing investors, analysts and shareholders, on Wednesday, Uday Reddy, chairman & CEO, Tanla Platforms said, “As India’s largest CPaaS provider, Tanla Platforms Limited will continue to drive strong performance and create superior shareholder value to be the defining communication and customer engagement company of the 21st century. Digitalisation is the opportunity of this generation and Tanla is perfectly poised to leverage the opportunities coming its way.”
The company’s revenue market share for the year FY 20-21 was 42 per cent against a revenue of Rs 2,341 crore with the total Indian CPaaS market size for the same period being Rs 5,600 crore.
Highlighting the company’s vision and product strategy, he said that Tanla would adopt the ‘One Platform’ approach with Wisely, the CPaaS platform, propelling the growth trajectory overseas. “We will invest in global expansion to offer our solutions to existing and new customers and consider bolt-on acquisitions to strengthen our one- platform offering,” Uday Reddy added.
The platform business would continue to complement Tanla’s enterprise business to create value for its clients, the company said.
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