Sinch, a global leader in cloud communications for mobile customer engagement, has entered into an agreement to acquire ACL Mobile for a total cash consideration of INR 5,350 million (~USD$70 million).
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.
India is the world’s second largest mobile market with a population exceeding 1.3 billion. It is a fast-growing, mobile-first economy that benefits from rapid digitalization and rising smartphone penetration. Economic growth and government initiatives for greater digital inclusion is also driving increased use of financial services, a development that fuels demand for transaction notifications via SMS.
Beyond exposure to a vast and expansive domestic market, the acquisition of ACL Mobile also adds further reach to Sinch’s global Tier 1 Super Network. Sinch can leverage ACL’s direct connections to mobile operators in India, Malaysia and UAE and offer end-to-end connectivity, without unnecessary middlemen, to demanding global businesses around the world.
Oscar Werner, CEO, Sinch
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.
Sanjay K Goyal, Founder and CEO, ACL Mobile
Together with Sinch we are scaling up to become one of the leading global players in our industry. I’m excited about this next chapter and the many new opportunities that we can pursue together.
