ACL Mobile, a leading communications platform provider is scaling up to achieve global footprint by selling a majority percent of its outstanding shares to Sinch AB (publ) – XSTO: SINCH, in accordance to a definite agreement signed between the two companies. Headquartered in Stockholm, Sweden, Sinch is a trusted provider of cloud communications on mobile platform, with operations across 30 countries worldwide. The deal’s total cash considerations amounts to SEK 655 million/Rs 535 crore.
With two decades of experience and expertise, ACL Mobile is a Made-in-India, leader of cloud communications services with more than 500 enterprise customers from key sectors like BFSI, Retail/e-commerce and Travel. By acquiring ACL Mobile, Sinch will get access to the vast and expansive domestic market in India, which is today the world’s second largest mobile market. Sinch can leverage ACL’s direct connections to mobile operators in India, Malaysia and UAE and offer end-to-end connectivity, to global businesses around the world.
“Together with Sinch, we will be able to offer superior messaging services and several new value-added products to a wider range of customers. We are excited to embark on this new journey to pursue new opportunities and emerge as a strong Glocal leader.” said, Sanjay K Goyal, Founder and CEO of ACL Mobile.
“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. India will be a key market in Sinch’s global Tier 1 super network.” said, Oscar Werner, CEO, Sinch.
ACL’s proprietary Axiom platform offers intelligent routing and granular access controls that specifically caters to the stringent security requirements of demanding financial institutions. Leading financial institutions who rely on ACL technology include HDFC Bank, ICICI Bank, Kotak and IndusInd Bank. Customers in other segments include a wide range of businesses such as Amway, Flipkart, MakeMyTrip and OLX.
Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com
About ACL Mobile
ACL Mobile is a leading communications platform provider to businesses in Southeast Asia. Its platform enables large and leading enterprises to engage their customers over multiple channels including SMS, voice, email, IP messaging and WhatsApp. Since the inception in 2000, ACL has been developing its technical infrastructure to help businesses reach their customers swiftly, securely and cost-effectively. ACL’s communications platforms boast the lowest latency in the industry and handles billions of interactions each month.