Route Mobile taps into the Latin American market with the acquisition of Masivian SAS

Route Mobile (UK), a wholly-owned subsidiary of Route Mobile, entered into a Stock Purchase Agreement (SPA) on October 09, 2021 with the existing shareholders of Masivian SA

S., Colombia, South America (target company) to acquire 100% of the outstanding share capital of the target company.

The target company is one of the leading providers of cloud communication platform services in Latin America, with a leading position in Colombia and Peru, as well as a presence in several countries in the region.

The acquisition will help expand the company’s business into new markets, particularly Colombia and Peru, and further expand into the Latin American market in the short term. The acquisition will also open up cross-selling opportunities for the Company to offer its full suite of CPaaS solutions (email, RCS, OTT Business Messaging, etc.) to the target company’s existing customer base.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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