Proximus Subsidiary BICS to Acquire TeleSign for $230 million

Proximus Subsidiary BICS to Acquire TeleSign for $230 million

BICS, Proximus' Group subsidiary and a global provider of international wholesale connectivity and interoperability services, has entered into an agreement to acquire TeleSign for $230 million.

BICS said its global network and reach to mobile operators combined with TeleSign’s leading cloud communications platform and state-of-the-art mobile identity & authentication solutions will create the first global end-to-end Communication Platform as a Service (CPaaS).

This strategic acquisition is accelerating the transformation of BICS from a global wholesale carrier business to an international digital enabler, more specifically allowing real-time and secure digital communications through the integration of voice, messaging and identity solutions into any web or mobile applications.

Thanks to this agreement Proximus is also significantly extending its strategic footprint in the Americas and expanding its customer reach to global over-the-top brands.

TeleSign, a leading US cloud communications platform, offering state-of-the-art mobile   identity and authentication solutions

TeleSign, based in the United States, is a company active in the provision of authentication and mobile identity services to Internet, over-the-top and digital service providers. It serves more than 500 customers from key industries such as social networks, gaming, e-commerce, software and communications, including 9 out of the 10 largest Internet brands. TeleSign has built a profitable and growing business of around $100 million revenue in 2016 representing an average growth rate of 27% over the 2014-2016 period.

Dominique Leroy, CEO , Proximus Group
By combining the power of these 2 profitable companies we are creating a robust provider that leverages both traditional and digital communications. We are thus empowering companies and developers to easily add real-time communication features and mobile identity solutions into their applications without the need of back-end infrastructure.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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