CHENNAI: Cloud communications company Knowlarity Communications has acquired Mumbai-headquartered Sunoray Solutions’ Cloud Telephony business for an undisclosed amount. With this acquisition, the company aims at utilising Sunoray’s market understanding of growing technological needs of SMEs, including AI and machine learning products.

Sunoray Solutions, founded by Rahul Arora and Sumontro Roy in 2014, is a cloud-SaaS company that offers SMEs tech-based product offerings to cater to diverse business needs.

“The growth path and customer profile of both companies are synergistic and the acquisition is consistent with our strategy of acquiring businesses that complement our scale-up, both in terms of revenue and breadth of offering to our customers”, said Ambarish Gupta, founder & CEO, Knowlarity.

“Sunoray has successfully identified the growing technology needs of the massive SME market across their customer lifecycle needs and built it into their product roadmap, including artificial intelligence (ai) and machine learning products. We will also aggressively target the enterprise customer with the expanded product,” he added.

“Sunoray is entering its next stage of growth, which will be explosive since the SMEs are now actively seeking simple, effective and economical technology. Knowlarity provides Sunoray the correct blend of resources to drive this growth”, said Sumontro Roy, co-founder & COO, Sunoray Solutions.

New Delhi-based Knowlarity is backed by marquee investors like Sequoia Capital and Mayfield fund. Some of the key customers include Google, Amazon, Uber, Practo, Ola, Zomato, Swiggy and Gaadi.