Sinch AB (XSTO: SINCH) and SAP SE (NYSE: SAP) today announced that Sinch AB has entered into a definitive agreement to acquire the SAP Digital Interconnect group. SAP’s interconnect services group offers cloud-based communications products and serves more than 1,500 enterprise customers throughout the world. Sinch, a global leader in cloud communications for mobile customer engagement, and SAP Digital Interconnect share a focus on digital business transformation, creating a first-class customer experience and ensuring the highest possible quality of services. Sinch, which has a scalable platform for messaging, voice and video, will acquire all assets and IP belonging to the interconnect services group for EUR 225 million on cash and debt-free basis. The combined entity will power nearly 70 billion engagements per year. Sinch will build on a global customer base that represents many of the world’s most-valued brands, including top technology companies, banks, payment gateways, retail brands and mobile operators. With a mission of connecting the last mile between enterprises, software solutions, customers, employees, and things, SAP Digital Interconnect consists of three segments. Programmable Communications powers omnichannel customer engagement through SMS, push, email, WhatsApp, WeChat and Viber. In 2019, this business processed 18 billion messages on behalf of its enterprise customers. Carrier … Continue reading Cloud Communications Leader Sinch to Acquire SAP Digital Interconnect