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Sweden based Sinch acquire ACL Mobile for $70 Million

15Jun By AdityaNo Comments

ACQUISITION

Sweden based Sinch acquire ACL Mobile for $70 Million

Stockholm, Sweden, 15th June, 2020: Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has acquired ACL Mobile Limited for $70 million. Founded in 2000, ACL Mobile is a leading provider of cloud communications 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 and is particularly successful in Banking and Financial Services industry, where ACL’s proprietary Axiom platform offers intelligent routing and granular access controls that specifically caters to the stringent security requirements of demanding financial institutions. Leading financial institution...

Zenoti Raises $50 Million funding from Tiger Global

Washington-- Zenoti, the leading enterprise cloud platform for the beauty and wellness industry, raises $50 million Series C funding led by Tiger Global Management with participation from Norwest Venture Partners and Accel. Zenoti has thousands of customers spanning 44 countries. Using this investment, Zenoti to accelerate the pace of innovation to reshape the industry, to expand into both existing and new geographies and to continue hiring top talent. With today’s funding, Zenoti has raised a total of $71 million. "The beauty and wellness markets are large and growing. Zenoti is improving productivity for many salon and spa operators, and we are excited to partner with Sudheer and his team as they continue innovating,” said Scott Shleifer, Partner at Tiger Global. Reshap...

Zoho Looking to Hire 4,000 People in 3-4 Years

Cloud services firm Zoho plans to double its headcount to 8,000 people over the next 3-4 years as it introduces new solutions and expands focus on small and medium businesses (SMBs). The company, which currently has some 4,000 people on its payroll, has development centres in Chennai and Tenkasi (Tamil Nadu) which work on products like customer relationship management (CRM) and enterprise e-mail solutions. "We are looking at a headcount of 8,000 in the next 3-4 years. We are looking at entering newer segments like payroll management. All our solutions are built in India and that is how it will continue to be," Zoho Chief Operating Officer Manikandan Vembu said. While he declined to disclose the revenue numbers, Vembu said about 45 percent of the company's topline comes from the US while ...