Sinch, a leading A2P(application to Person) SMS vendor has entered into an agreement to acquire SAP Digital Interconnect (SDI), a unit within SAP, for a total cash of EUR 225 million.
SDI offers cloud-based communications products and serves more than 1,500 enterprise customers throughout the world. Its customer base includes many of the world’s most valued brands, including top technology companies, banks, payment gateways, retail brands, and mobile operators.
For the twelve months ended March 31, 2020, SDI recorded revenues of EUR 340 million and gross profit of EUR 94 million. The business employs 330 people in 20 countries and is headquartered in San Ramon, California.
Sinch has been expanding its portfolio via acquisitions. In March, the Company entered into an agreement to acquire Wavy for ~USD 69.5 million and 1,534,582 new shares in Sinch.
Oscar Werner, CEO, Sinch
With SDI now becoming a part of Sinch, we build on our scale, focus and capabilities to truly redefine how businesses engage with their customers, throughout the world.
Thomas Saueressig, Member of the Executive Board, SAP SE
Looking at Sinch’s innovation and investment strategy in the area of cloud communication platforms, we welcome them as the new owner of SDI. Sinch is perfectly positioned to unleash further growth potential we see in SDI.
