The two entered into a definitive agreement, broadening Sinch’s Communications Platform as a Service (CPaaS) offering and providing it a "leadership position in US voice communications".
Sinch is an established player in CPaaS with customers including eight of the top 10 tech companies in the world, all headquartered in the US.
CEO Oscar Werner said: "Becoming a leader in the US voice market is key to establish Sinch as the leading global cloud communications platform. Inteliquent serves the largest and most demanding voice customers in America with superior quality backed by a fully-owned network across the entire U.S. Our joint strengths in voice and messaging provide a unique position to grow our business and power a superior customer experience for our customers."
Inteliquent powers voice communications for the leading CSPs and enterprises in North America. Together with its extensive API-offering that lets businesses acquire phone numbers and embed voice calling into their own products or business processes, it operates a fully redundant, geo-diverse, carrier-grade tier 1 network directly connected to every major telecom carrier and covers 94% of the US population.
The platform handles more than 300 billion minutes of voice calling per year and the company has registered more than 100 million active phone numbers on behalf of its customers.
The acquisition is the fifth for Sinch in the last year and 14th since its IPO.
Inteliquent CEO, Ed O’Hara, added: "We’re excited about the tremendous opportunities this combination unlocks, expanding the services we can provide to our customers. Combining our leading voice offering with Sinch’s global messaging capabilities truly positions us for leadership in the rapidly developing market for cloud communications."
The transaction is expected to close in H2 2021.
There will be more from Oscar Werner in the next issue of Capacity magazine.
