Stockholm, Sweden, May 5, 2020 -- Stockholm-based Sinch AB, a global provider in cloud communications for mobile customer engagement, has signed an agreement to acquire SAP Digital Interconnect (SDI), a unit within SAP SE.
SDI offers cloud-based communications products and serves enterprise customers throughout the world.
"Sinch and SAP both recognize the power of cloud technology to drive business transformation and deliver a superior customer experience. With SDI now becoming a part of Sinch, we build on our scale, focus and capabilities to truly redefine how businesses engage with their customers, throughout the world," said Oscar Werner, Sinch CEO.
Sinch has forged a strategy to grow the company through both organic and inorganic means. A long-term focus on profitability and cash flow makes Sinch well placed to continue and execute this strategy also in times when overall macroeconomic conditions are unfavourable.
"SAP Digital Interconnect is a leader in its area showing profitable growth and reaching 99 percent of the world’s mobile subscribers. Looking at Sinch’s innovation and investment strategy in the area of cloud communication platforms, we welcome them as the new owner of SDI. Sinch is perfectly positioned to unleash further growth potential we see in SDI," said Thomas Saueressig, member of the Executive Board of SAP SE, responsible for SAP Product Engineering.
Posted by Veronica Silva Cusi, news correspondent
Sinch brings businesses and people closer with tools enabling personal engagement. Its cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries.
SAP is a business software company – with more than 100,000 employees at sales and development locations in more than 50 countries worldwide.
Published: Wednesday, May 6, 2020
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