The market is still growing continuously thanks to increased demand for mobile communications, but also thanks to new and innovative solutions and applications. Leading companies around the world are not content with this, and are constantly seeking new ways to broaden their communication. They are increasingly looking for new channels and technologies for the modern globalized market. Integration of voice-based communications with the applications of the future will be crucial to winning the battle for customers. Sinch was founded in 2014 when Rebtel AB decided to place its technology, platform and operations in a separate company. As early as in 2014, Sinch saw major growth opportunities in cloud-based communication services, and since its launch Sinch has successfully become a supplier to a number of leading app and web companies, particularly on the West Coast of the United States. Several of the world's leading players in mobile applications have realized the strength of Sinch, and are today highly valued customers that largely run their innovation in voice-based communications on Sinch's technology. Companies that are leaders in the development of new and innovative mobile applications and communication solutions commend the strategic importance of using a partner to access world-leading technology in cloud-based communications for text messaging, voice and Internet of Things (IOT) solutions. The transaction CLX is acquiring Sinch at an Enterprise Value totaling SEK 130 million. The purchase price is being paid partly in CLX shares and partly in cash through some of Sinch's debt being settled by CLX.
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