Swedish cloud communications company Sinch has agreed to acquire Inteliquent, a large voice communications provider in the United States, for a total cash consideration of $1.14 billion. For Sinch, this means not only an expansion of its product offering, but also that the European company slides into a leadership position in US voice communications.
In the last year and change, Sinch has been on a shopping spree, buying up startups on different continents. Last June, the Nordic company bought ACL Global for €62 million, expanding its footprint in India and Southeast Asia. In May, it bought Germany’s SAP Digital for €225 million. In March 2020, it acquired Wavy for €60 million to grow across Latin America. Finally, in fall 2019, it took over the French startup myElefant.
This acquisition of Inteliquent is by far the biggest. The Chicago-based company boasts strong partnerships “in every sector of communications” throughout the North American market, including cloud communications, collaboration, unified communications, contact centers and every major US carrier.
“Becoming a leader in the US voice market is key to establish Sinch as the leading global cloud communications platform,” commented Oscar Werner, Sinch CEO. “Our joint strengths in voice and messaging provide a unique position to grow our business and power a superior customer experience for our customers.”
The deal is subject to customary closing conditions, including clearance from CFIUS and US competition authorities, the receipt of FCC, state public utility commission, and certain other governmental approvals. It’s expected to complete in the second half of this year.
Image from Sinch