Acquisition will expand Sinch’s CPaaS offering, while strengthening its position in US voice communications
Inteliquent to be acquired by Sinch in an all-cash deal. (Credit: Aleš Čerin from FreeImages)
Sinch, a Swedish cloud communications platform provider, has agreed to acquire Inteliquent, a US-based voice communications provider, for $1.14bn in an all-cash deal.
As a communications enabler, Inteliquent caters to communication service providers and enterprises across North America with its network-based voice and messaging services.
The company enables businesses in acquiring phone numbers and in embedding voice calling into their own products or business processes.
Sinch said that the acquisition expands its communications platform as a service (CPaaS) offering, besides putting it in a top position in US voice communications.
The Swedish firm’s cloud communications platform enables businesses to reach mobile phones across the world via mobile messaging, voice, and video.
Sinch CEO Oscar Werner said: “Becoming a leader in the U.S. voice market is key to establish Sinch as the leading global cloud communications platform.
“Inteliquent serves the largest and most demanding voice customers in America with superior quality backed by a fully-owned network across the entire U.S.
“Our joint strengths in voice and messaging provide a unique position to grow our business and power a superior customer experience for our customers.”
Inteliquent is said to operate as a fully redundant, geo-diverse, carrier-grade tier 1 network that is connected directly to all the major telecom carriers. The company’s operations are claimed to cover 94% of the US population.
Its platform handles over 300 billion minutes of voice calling annually. Apart from that, the company is said to have registered over 100 million active phone numbers for its customers.
Inteliquent CEO Ed O’Hara said: “We’re excited about the tremendous opportunities this combination unlocks, expanding the services we can provide to our customers.
“Combining our leading voice offering with Sinch’s global messaging capabilities truly positions us for leadership in the rapidly developing market for cloud communications.”
The deal, which is subject to government approvals and other customary closing conditions, is anticipated to be completed in the latter half of this year.