CLX Communications (XSTO: CLX), a leading provider of global cloud-based communication solutions, recently announced the acquisition of the UK-based global mobile messaging and security services provider Dialogue Group Ltd for £32 million GBP on a cash and debt-free basis.
The acquisition of Dialogue, which has offices in Sheffield, London, Sydney and Singapore, will help CLX to fast track entry into key markets within the Asia-Pacific region, while adding many additional mobile operators to its Tier One Super Network, which currently exceeds 200 carrier partners.
This deal marks the latest phase in CLX’s strategy to build the largest cloud communications company globally. Dialogue is the company’s fourth acquisition since its IPO in 2015, following Mblox and Sinch in 2016, and Xura Secure Communications earlier this year.
Johan Hedberg, President, and CEO of CLX Communications, said: “Our vision is clear; we are building the world's largest and leading CPaaS (Communications Platform as a Service) company. The acquisition of Dialogue is the next natural step in executing on the strategy we outlined at the time of our IPO.”
“Dialogue is one of the leading global mobile messaging and secure communications companies, with a particularly strong Tier One network in the Asia-Pacific Region. Integrating them into the growing CLX family will strengthen our customer base in the UK and Australia plus add Tier One operator connections in New Zealand, Singapore, Malaysia, Bangladesh, Vietnam, Cambodia, Japan, Philippines, Indonesia, and Egypt.”
The acquisition will accelerate CLX’s leadership ambitions in the fast-growing Asia-Pacific region building upon its leadership position in Europe and North America. Asia-Pacific is becoming increasingly important as many US-based multinationals seek to expand into emerging markets and look to CLX to provide one true global solution for their Enterprise communications needs.
