Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, announces that the first part of the acquisition of ACL Mobile Limited has been completed.
On June 15, 2020, Sinch announced that the company had entered into a definitive agreement to acquire ACL Mobile in two stages, where the first stage encompasses the majority of the outstanding shares in ACL Mobile and a call option to acquire the remaining shares after December 1, 2020.
Founded in 2000, ACL Mobile is a leading provider of cloud communications services in India and Southeast Asia. Its 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 ACL’s proprietary Axiom platform offers intelligent routing and granular access controls that specifically caters to the stringent security requirements of demanding financial institutions.
“I’m tremendously pleased that ACL is now a part of Sinch, which positions us for growth in one of the world’s most dynamic growth markets”, comments Oscar Werner, CEO of Sinch.
The press release from June 15, and an accompanying slide deck, is available at investors.sinch.com.