Kalaam Telecom, a technology solution provider in Bahrain, has completed the acquisition of Kuwaiti ISP and ICT services company Zajil International Telecom.
Under the terms of the agreement, Kalaam has bought all the assets of Zajil creating a combined entity of $100m.
Kalaam said the acquisition strengthens the telecom company to tap into diverse industry sectors like BFSI, Government, Oil & Gas, Retail, Healthcare, and Education. With the completion of all the regulatory approvals, the acquisition is now officially closed and transforms Kalaam into a one-stop digital solution provider for enterprises.
Headquartered in Bahrain, Kalaam serves SMEs, enterprises, telecoms carriers and wholesale telecoms businesses in the GCC. With offices in Saudi Arabia, Kuwait, UAE, Jordan and UK, Kalaam has pioneered ISP solutions, connectivity, and digital transformation in the region for over 16 years.
In a statement, the company said: “This acquisition closure is a testament to Kalaam’s resilient growth strategy to strengthen its digital infrastructure in the GCC region and marks a significant milestone despite challenging times. Kalaam is now empowered to be a digital solutions partner for enterprises, offering a wide range of innovative cutting-edge solutions such as cybersecurity, cloud, managed networks and ICT.”
Nezar Al Saie, Chairman of Kalaam, added: “We are immensely proud to welcome the Zajil team on board and are excited that two well-established companies are coming together to form an even stronger group company resulting in a combined workforce of 400+ staff. This new regional powerhouse will drive digital transformation in the GCC and beyond. The acquisition solidifies our position on both the regional and global front.”
Al Saie added: “As a result of this acquisition, we can integrate and consolidate our operations to improve efficiency. With the doubling of our workforce and combined assets, we aim to meet the rapidly increasing demands of our customers to be able to provide better-equipped services and expand the scope of our innovative digital product portfolio.”
Kalaam aims to adopt a consultative approach partnering with clients to identify technology gaps and provide tailored solutions to diverse industries that meet their unique business requirements.
Veer Passi, CEO of Kalaam, stated: “We are delighted to have Zajil as part of the Kalaam Group. Leveraging the Kuwaiti firm’s three-decade legacy, the combined entity elevates Kalaam to the next level, shifting the scope to becoming the trusted digital transformation partner in the GCC. As a result of this major consolidation, we have been awarded an ISP license in KSA and have earmarked more than $10m for expanding the scope into Kuwait and Saudi Arabia, investing in the digital transformation of the operations, creation of next-generation products and partner ecosystem and building of new Data Centers.”
The acquisition strategy has also led to the launch of a new unified wholesale brand Kalaam Carrier Solutions to make room for new growth opportunities in the global carriers community.