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Sinch AB

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Sinch
FormerlyCLX Communications
XSTO: SINCH
IndustryCloud communications
Headquarters
Stockholm
,
Sweden
WebsiteSinch

Sinch is a telecommunications and cloud communications platform as a service (PaaS) company. Headquartered in Stockholm, Sweden, Sinch also has offices in over 30 cities worldwide, including Atlanta, London, Madrid, San Francisco, Singapore and Sydney.

History

Creation

Sinch was initially founded in May 2014[1] by Andreas Bernström in Stockholm and San Francisco. Originally the technology behind Rebtel, Sinch was spun-out with $12 million in funding, focusing on the mobile first, app developer market. Sinch launched its Voice and Instant Messaging[2] products in May 2014, and quickly launched their SMS API[3] product at the end of 2014.

CLX Communications

In 2016, CLX Communications acquired Mblox for a total consideration of SEK 138.9 million on a debt-free basis.[4] Founded in 2008,[5] CLX acquired numerous companies in the industry between 2009 and 2018.

Brand Unification

In February 2019, it was announced that CLX had "launched a new corporate brand and visual identity"[6] to unify all its business units under the same name. After acquiring Sinch in 2016, they have now leveraged the brand name to encompass the entire company to "more accurately and immediately [depict] its current offerings and mission"[7].

Sinch effectively has inherited the history of CLX Communications and is considered a different brand to the one launched in 2014.

CLX completed an initial public offering (IPO) and were listed on Nasdaq Stockholm in October 2015.[8] Since February 2019, the company can be found on the Mid Cap list under the Technology sector[9] under the ticker 'SINCH'.[10][11]

Technology

Sinch is a leading vendor of cloud communications services for the enterprise sector, voice and video communications services and software solutions developed by Sinch and supplied to mobile operators as both products and services.

The Messaging segment provides Sinch’s cloud communications platform, enabling enterprises to reach their customers and employees directly in their mobile phone within a second or two. The messages are sent as SMS (text messages) or using next-generation technologies like RCS or WhatsApp. The product segment includes personalized video messaging, where unique video messages are customized for each and every recipient.

Within Operators, Sinch develops software solutions for mobile operators, supplied as both products and services, to provide mobile value added services (VAS), handle online charging systems (OCS) in real time, and protect their networks and revenues.

Sinch’s innovative products for cloud-based voice and video calls are offered within Voice and Video. The product segment includes Number Masking, a service that provides temporary phone numbers, and Verification, where Sinch helps enterprises verify their customers’ mobile phone numbers swiftly, easily and cost-effectively.

Awards

Sinch was listed as Lead411's 2014 Hottest San Francisco Companies,[12] and CEO and Founder Andreas was announced as one of The 9 Most Innovative People in VoIP in 2014.[13]

See also

References

  1. ^ "Rebtel Spins Out Sinch, With $12M In Funding, To Offer Communications Tools To Developers". TechCrunch. 14 May 2014. Retrieved 13 January 2015.
  2. ^ Schick, Shane (27 May 2014). "In-app messaging: Why more developers will want voice and SMS in their apps". FierceDeveloper. Retrieved 13 January 2015.
  3. ^ "Sinch Goes Global With SMS API For Developers". TechCrunch. 17 December 2014. Retrieved 13 January 2015.
  4. ^ "CLX Communications offers to acquire Sinch". webrtc.digest. 2016-12-09. Retrieved 2018-04-27.
  5. ^ "Glöm Whatsapp - sms-bolag gör succé och går mot börsen". Breakit (in Swedish). Retrieved 2019-03-13.
  6. ^ "CLX rebrands as Sinch | Mobile Marketing Magazine". mobilemarketingmagazine.com. Retrieved 2019-02-20.
  7. ^ "Making Business Messaging a Sinch". Insight for the Connected Enterprise. 2019-02-14. Retrieved 2019-02-20.
  8. ^ Nasdaq (2015-10-08), CLX Communications Listing Ceremony on Nasdaq Stockholm, retrieved 2019-03-13
  9. ^ "Nordic Mid Cap - Listed Companies - Nasdaq". www.nasdaqomxnordic.com. Retrieved 2019-03-13.
  10. ^ Farmbrough, Heather. "It's A Sinch: How A Swedish Cloud Platform Is Probably Sending You Text Messages Today". Forbes. Retrieved 2019-03-13.
  11. ^ "CLX Communications AB (publ): CLX Communications unifies its business under a shared identity and rebrands as Sinch, 13 Feb 2019 07:00 | Shares Magazine". www.sharesmagazine.co.uk. Retrieved 2019-03-13.
  12. ^ "2014 Hottest San Francisco Companies". Lead411. 17 June 2014. Retrieved 13 January 2015.
  13. ^ "The 9 Most Innovative People in VoIP in 2014". GetVoIP. Retrieved 13 January 2015.
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