Qiscus has acquired Kokatto for an undisclosed amount, marking a significant corporate acquisition in the communication technology sector. This transaction sees Qiscus buying Kokatto, a company renowned for its automated notification solutions tailored for large and medium-sized enterprises.
Kokatto, founded by experienced business consultants and engineers from Silicon Valley and Puget Sound, specializes in advanced notification retry and interval strategies. This expertise has enabled its clients, which include top-tier financial institutions, small and medium lending companies, and online and offline retail businesses, to achieve substantial increases in notification effectiveness while simultaneously reducing operational costs. The acquisition is strategic, as Kokatto's proven technology and client-centric approach are expected to significantly enhance Qiscus's existing offerings and market reach.
The integration of Kokatto's capabilities will allow Qiscus to provide more sophisticated and efficient automated communication tools. Kokatto's dedication to helping clients achieve tangible business success through best practice insights on notification strategy and continuous product co-development brings valuable expertise and a strong client relationship model to Qiscus. This acquisition is not a funding round but a direct purchase, consolidating two entities under one corporate structure.
The combined entity is poised to deliver a more robust suite of communication solutions, particularly in the realm of automated and highly effective notifications. This move is anticipated to strengthen Qiscus's position in the market, offering enhanced value and innovative communication strategies to a broader client base.