Sinch is a cloud-based, mobile communications platform that makes adding Voice, Verification, Video, SMS, and IM into apps easier than ever. Originally spun out of Rebtel in May 2014, its mission is to enrich the modern app experience and become the preferred partner for modern app communications.
Andreas Bernström, CEO of Sinch, commented: “We are very excited about joining forces with CLX and we are convinced that the combination of the two businesses has a strong industrial rationale. CLX’s acquisition of Sinch transitions CLX Communications from being a global cloud-messaging company to becoming a true multi-channel communications company with a complete solution for messaging, voice and IOT. Combined we can address a much larger market and capitalize on the massive opportunities it represents. GP Bullhound has been a committed and knowledgeable financial advisor to us throughout this process, and has been invaluable in helping us execute the best deal for our shareholders.”
CLX was founded in 2008 with a mission to simplify communications globally. CLX has since then developed into a leading provider of cloud-based communications services and solutions to enterprises and mobile operators, with particular strength in the enterprise messaging market. Its shares are listed on NASDAQ Stockholm.
Sven Raeymaekers, Partner of GP Bullhound commented: “GP Bullhound is proud to have advised Sinch on its successful sale to CLX. It has been a pleasure to work with such a great management and owner group. As communication continues to move to the cloud, I’m truly excited about the prospect of these two companies joining forces.”
Per Roman, Managing Partner of GP Bullhound added: “This announcement marks another marquee transaction for GP Bullhound in the software and services space, underscoring GP Bullhound’s leadership in advising Nordic technology companies.”
This represents the completion of GP Bullhound’s 22nd transaction in 2016 and further establishes the firm’s expertise in advising software category leaders, following on from recent transactions including Rightware (sold to thundersoft), Emric (sold to Tieto), Signavio (investment by Summit Partners), Multiposting (sold to SAP) and Pingdom (sold to Solarwinds).
About GP Bullhound
GP Bullhound is a leading European technology investment bank with a passion for entrepreneurship. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester and Paris. The firm’s advisory team has completed over 230 M&A and Capital transactions to date, working with category leaders including Essence, Avito, Delivery Hero, Fjord, King Digital Entertainment, Pingdom, Innogames, Spotify and many more. Through its principal investment team, GP Bullhound provides institutions, family offices and entrepreneurs with access to some of the most ambitious privately-held technology and media companies in Europe. Furthermore, the firm’s events and speaking activities bring together thousands of Europe’s leading digital entrepreneurs and technology investors throughout the year, and its thought-leading research is read by decision makers globally, and regularly cited in leading newspapers and publications. For more information, please visit www.gpbullhound.com, follow on Twitter @GPBullhound or watch our video here
Sinch is a cloud-based, mobile communications platform that makes adding Voice, Verification, Video, SMS, and IM into apps easier than ever. Originally spun out of Rebtel in May 2014, its mission is to enrich the modern app experience and become the preferred partner for modern app communications. For developers, Sinch removes the complexity of building and maintaining complex communications infrastructures, and handles the heavy lifting with a simple to integrate SDK that any developer can use. Sinch works with a wide range of high-profile clients, including Tango, Truecaller, Easy Taxi, Glide, Nimbuzz, and many more. For more information, please visit www.sinch.com