Cloud communications provider Sinch AB has announced to acquire India based ACL Mobile Limited for approximately $70 million. ACL Mobile was founded in 2000, and at present it is a leading provider of cloud communications services in India and Southeast Asia.
- ACL Mobile platform enables businesses to interact with their customers through multiple channels including SMS, voice, email, IP messaging, and WhatsApp.
- The company serves more than 500 enterprise customers and is particularly successful in the Banking and Financial Services industry, where ACLs proprietary Axiom platform offers intelligent routing and granular access controls that specifically caters to the stringent security requirements of demanding financial institutions.
- ACL Mobile employs 288 people with headquarters in Delhi and overseas offices in Dubai (UAE) and Kuala Lumpur (Malaysia).
In October 2019, Sinch AB (publ), had entered into a definitive agreement to acquire TWW do Brasil S.A. for an enterprise value of BRL 180.750 million.
In September 2019, Sinch AB (publ), had entered into a definitive agreement to acquire myElefant SAS for an upfront cash consideration of EUR 18.5 million with an additional cash earnout of up to EUR 3 million within two years if certain gross profit targets are met.
About Sinch AB
Sinch AB (publ), headquartered in Stockholm, Sweden, a global leader in cloud communications for mobile customers. The companys cloud platform help businesses to reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Currently company handles approximately 25 billion business-critical customer engagements. The company presents in more than 30 countries across region.