Stockholm’s Sinch is buying yet another business, this time offering a total cash consideration of just over 62 million euros ($70 million) for ACL Global, a cloud communications provider in India and Southeast Asia. The Swedish company has already made at least three acquisitions within the last nine months: myElefant, Wavy and SAP Digital Interconnect.
Founded in 2000, ACL Mobile’s platform enables businesses to interact with their customers through multiple channels including SMS, voice, email, IP messaging and WhatsApp. According to a press release, the company serves more than 500 enterprise customers and is “particularly successful in the banking and financial services sectors.” The company employs 288 people with headquarters in Delhi and overseas offices in Dubai and Kuala Lumpur.
“With ACL we gain critical scale in the world’s second-largest mobile market. We gain customers, expertise and technology and we further strengthen our global messaging product for discerning businesses with global needs,” said Sinch CEO Oscar Werner.
Financed with “cash at hand and available credit facilities,” the acquisition is expected to close in Q3 of this year, pending customary conditions.