Route Ledger Technologies Private Limited (a wholly owned subsidiary of Route Mobile Limited) signs Business Transfer Agreement with Teledgers Technology Private Limited, to acquire DLT, trusted blockchain and AI-powered solutions to tap business opportunities across Latin America, Middle East, Africa & APAC
Route Ledger Technologies Private Limited (“Route Ledger”, a wholly owned subsidiary of Route Mobile Limited), today announced the signing of Agreement to Transfer Business to acquire, on a slump sale basis, the AI powered blockchain and “DLT” (DLT means Distributed Ledger Technology) platform, from Teledgers Technology Private Limited (“Teledgers”), other telecom focused high-end security and data sharing systems based on blockchain, and CPaaS solutions.
Teledgers’ blockchain based DLT platform enables telecom operators globally to address guidelines issued by respective telecom regulatory bodies (for instance, the Telecom Regulatory Authority of India (“TRAI”), in India), in order to ensure spam-free commercial and transactional communication (A2P SMS / voice calls originated by enterprises) with mobile subscribers. The DLT platform provides an end-to-end solution to telecom operators – from registration of enterprises, to registration of various header and content templates, to scrubbing of each commercial communication against the registered templates, to reporting through various dashboards. Primary focus of the DLT platform is to streamline commercial communication and achieve a spam-free ecosystem. The entire platform is blockchain based, which enables real-time collaboration between telecom operators. In addition to the telecom operators, the regulatory bodies are also able to monitor and supervise the commercial communication flowing through the telecom channels.
In addition to DLT, Teledgers also provides mobile number portability, OSS/BSS management, international roaming and UCC Detection solution, and CPaaS Solutions. CPaaS solutions targeted to enterprises, by Teledgers, include Tracetext – a blockchain based end-to-end encrypted messaging solution for enterprises which avoids data leakages to telemarketers/aggregators or any intermediaries in the value chain.
Mr. Rajdipkumar Gupta, Managing Director and Group Chief Executive Officer, Route Mobile Limited (“Route Mobile”), said, “Route Mobile’s capability and reach, combined with Teledgers’ blockchain based technology and expertise, promises an efficient solution for telecom operators & enterprises across global markets, including Africa, Latin America, Middle East & APAC.” He further added, “Our aim is to empower telecom operators & enterprises to manage and monetize digital assets across decentralized cloud-native apps & technologies. The powerful capabilities of blockchain tools, infrastructure services, automation, containerization, and microservices design can be used to provide visibility and consistency across various industry use cases.”
Mr. Dharmveer Singh, Director and Chief Operating Officer, Teledgers Technology Private Limited said, “Route Ledger provides the necessary access and impetus to implement Teledgers’ DLT and secured encrypted messaging solution globally. The solutions will assist Regulators, Telecom Operators & Enterprises in achieving a spam-free ecosystem through the power of Blockchain Technology.” He further added, “With the technology offerings of Teledgers and the global presence and reach of Route Mobile, we are highly confident of achieving this ambitious target.”
Route Mobile intends to enable telecom operators & enterprises with DLT Platform across Latin America, Middle East, Africa & APAC. This will allow telecom operators efficiently manage as well as to regulate A2P communication (SMS/voice calls), using state-of-the-art blockchain based solutions. Further, the secured blockchain based encrypted messaging solutions will empower enterprises to digitize transactions through a secured channel, and avoid data leakages to intermediaries.
About Route Mobile Limited (www.routemobile.com) BSE: 543228; NSE: ROUTE)
Established in 2004, Route Mobile Limited (“RML”) is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics and monetization. RML has a diverse enterprise client base across a broad range of industries including social media companies, banks and financial institutions, e-commerce entities and travel aggregators. RML is headquartered in Mumbai, India with a global presence in Asia Pacific, Middle East, Africa, Europe and Americas.
About Teledgers Technology Private Limited (“Teledgers”)
Teledgers, is one of India’s leading Telecommunications related blockchain software, research and development and consulting firms with focus on blockchain scalability, security, and monetization. Teledgers provides a blockchain based DLT platform for telecom operators to help them align with guidelines defined by telecom regulatory authorities. Further, Teledgers also offers mobile number portability, OSS/BSS management, international roaming, UCC Detection, and CPaaS solutions. By capitalizing on cutting edge technology, Teledgers aims to transform and create a new era in global telecom industry.
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For more information, contact:
Global Head – Marketing & Communication, Route Mobile Limited