Enhancing customer communication through automated interactions.
DIMOCO Messaging was founded in 2015 and is based in Liechtenstein and Austria. The company is a leading global SMS aggregator that delivers around two billion messages annually. It has an established sales force to serve large enterprises, leveraging new SMS Application Program Interfaces for system integration, APIs for rapid onboarding, and SMS campaign deployment.
Business messaging or application-to-person (A2P) has grown into a global market worth an estimated $27bn in 2022, and it is predicted to reach $38bn in 2025. With only 5% of companies using SMS A2P, business adoption of messaging is still in its infancy but is starting to surge as organizations realise that business SMS can become a key revenue generator for mobile operators.
With this acquisition, Tofane’s subsidiary iBASIS will significantly accelerate its growth, doubling mobile services revenues to reach 20% of the company’s total revenues.
Julian Riedlbauer, Partner and Head of DACH operations at GP Bullhound, commented: “It has been a pleasure to advise DIMOCO Messaging and its shareholder BaseTech Ventures on this transaction. Providing direct access to the enterprise market and complementing Tofane’s business geographically, the acquisition of DIMOCO Messaging will leverage tremendous synergies. Sharing the same vision and spirit, combining both units will represent the perfect platform to serve and thrive in the highly growing A2P messaging market.”
Cameron Calof, CEO, and Anton Chmelar, Head of Sales and Board Member, at DIMOCO Messaging, commented: “As the DIMOCO Messaging management team, we, Cameron Calof and Anton Chmelar, were able to support and handle the successful DIMOCO Messaging-Tofane/iBASIS transaction together with the colleagues from GP Bullhound. Efficient exchange of facts, communicative approach to complex issues, consistent execution of milestones, and reliability when it comes to time-critical tasks are just a few of the positive aspects that we were able to identify during the entire phase of the transaction in cooperation with GP Bullhound.”
This transaction is a further testament to GP Bullhound’s expertise in software, including the acquisitions of Altice and Wiztivi by Lumine Group, Nutracheck by Immediate Media Co, and Unblu by Swiss Post, among many others.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.