In the latest M&A deals, Sinch AB has entered into a definitive agreement to acquire ACL Mobile for about $70 million while SyncMedia has bought media-tech company Adorithm.
Sinch AB acquires ACL Mobile
Founded in 2000, ACL Mobile is a provider of cloud communication services in India and Southeast Asia. Its platform enables businesses to interact with their customers through multiple channels including SMS, voice, email, IP messaging, and WhatsApp. The company serves more than 500 enterprise customers.
SyncMedia buys Adorithm
Gurugram-headquartered SyncMedia Monday said it has acquired media-tech company Adorithm for $1 million. As part of the acquisition, SyncMedia will absorb the team, product, and intellectual property rights of Adorithm, SyncMedia said in a statement.
“With this acquisition, we will be able to cater to our customers with deep insights backed by enhanced AI/ ML expertise,” SyncMedia founder and CEO Anubhav Sharma said.