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SINCH TO BUY SAP DIGITAL INTERCONNECT. Featured

Sinch has agreed to buy the San Francisco, Calif.-based SAP Digital Interconnect group for about $243.9 million on a cash and debt-free basis. SAP selling something with this much value is not something that we often see.

But maybe this shows the meaning of the departure of former CEO Bill McDermott last fall; the brief transition to Co-CEOs Jennifer Morgan and Christian Klein from October to April 30, and then the departure of Morgan. And the company has previously said it has moved past its large M&A period. SAP Digital Interconnect has three segment:. Programmable Communications are used in SMS, push, email, WhatsApp, WeChat and Viber;  Carrier Services includes services to mobile operators for person-to-person messaging, reporting and analytics; while Cloud Solutions for Enterprises features products for contact center and critical event management. Sinch has been busy, announcing this. year plans to buy Wavy, which provides messaging services in Latin America, for $119 million. Based in Sweden, Sinch was formed in its present form when CLS Communications acquired a company of that name in February 2019 with CLS then assuming the Sinch name. Sinch had net income of slightly more than $29 million in net income on $545.4 million in revenue, for the year ended December 31. For the first quarter ended March 31, Sinch reported revenue of approximately $165.6 million, a 47-percent increase from a year earlier. After-tax profit was about $9.8 million

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