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Image: Sinch
Sweden-based Sinch is expanding its efforts in the U.S. with its latest acquisition of Chicago-based voice communications provider Inteliquent. The deal, which was announced Thursday, is valued at $1.14 billion.
It’s an accomplishment any time a Chicago company gets acquired for more than $1 billion, but this deal is actually Sinch’s fifth acquisition in the last year.
Sinch has developed a handful of communications APIs for things like video and voice calling, SMS, MMS, RCS, verification and more. The company has also designed an engagement platform to create mobile AI chatbots or text-based marketing campaigns. These technologies are useful for companies that want to incorporate things like text-based verification codes, personalized messaging for marketing purposes, communication via WhatsApp and more into their business model.
After raising $690 million from SoftBank in December to make acquisitions, the Sweden-based cloud communications company Sinch has followed through on its strategy in that department. Today the company announced that it is acquiring Inteliquent, an interconnection provider for voice communications in the U.S. currently owned by private equity firm GTCR, for $1.14 billion in […]
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