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News : Infobip Signs Definitive Agreement to Purchase Peerless Network

#contactcenterworld, @infobip, @peerlessnetwork

Jersey City, NJ, USA, Nov 3, 2021 -- Infobip Group, a global cloud communications platform company for customer engagement, and provider in CPaaS solutions, has announced that it has entered into a definitive agreement with global VoIP provider Peerless Network, marking Infobip’s fourth acquisition in under a year. The transaction is expected to complete upon receipt of regulatory approvals in 2022 and will be financed with a combination of Infobip shares and cash. Peerless Network management will roll parts of its holdings into Infobip.

The deal extends Infobip’s voice presence in the US and makes its suite of CPaaS products available to Peerless customers. Launched in 2008, the Peerless Network portfolio delivers a robust suite voice, UCaaS, SIP Trunking, Messaging, APIs, MS Teams integration, and other collaboration products and services. 

Silvio Kutic, CEO of Infobip said: "Today’s announcement accelerates our international growth strategy by several years. Financially, strategically, and operationally, this is very positive. The acquisition enables Infobip to continue to grow its business in the US, in sync with Peerless Network’s strategy. Our current and future customers will benefit from access to the most comprehensive suite of SaaS enabled CPaaS software available in the market on one single platform for an end-to-end customer experience. Further, Peerless will substantially strengthen voice proposition for the Infobip CPaaS offering. Together we will offer a truly global network with local teams to serve businesses and people around the world, focused on delivering unbeatable customer experiences at scale. We’re thrilled to welcome this groundbreaking team to Infobip and congratulate them on their tremendous performance."

John Barnicle, Peerless Network’s CEO: "We’re thrilled about the immense opportunity this combination unlocks, enabling us to expand services, capabilities and offer scale to our customers. Combining or leading voice offering with Infobip’s global messaging capabilities truly prepares us for leadership in the rapidly developing market for cloud communications. This acquisition will, among other things, enable Peerless Network to comprehensively support its customers with their international needs outside of US."

#contactcenterworld, @infobip, @peerlessnetwork

Posted by Veronica Silva Cusi, news correspondent
Source: https://www.businesswire.com


About Infobip:
Company LogoInfobip powers enterprises to deliver messages across any channel, any device, at anytime and anywhere worldwide. Infobip's technology creates seamless mobile interactions between businesses and people as well as simplifying the integration of almost all communication capabilities. With over a decade of industry experience, Infobip has expanded to include 61 offices on six continents offering in-house developed messaging platform with the capacity to reach mobile devices in 190+ countries connected to over 800 telecom networks.
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About Peerless Network:
Company LogoWe are a SIP provider that owns and operates one of the largest nationwide networks. We are located in over 200 POP's, are a CLEC in all of the lower 48 states and cover approx 95% of the US.
Company Twitter   Company LinkedIn   Company Profile Page

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