Route Mobile buys Masiv for $47.5 million

The cloud communications platform, Rout Mobile has taken over Latin American firm, Masivian S.A.S (“Masiv”). The acquired company is a cloud communication platform service provider catering to enterprises in Latin America for $47.5 million.

“Route Mobile (UK) Limited, a wholly owned subsidiary of Route Mobile Limited (“Route Mobile”), one of the leading cloud communication platform service providers to enterprises, over-the-top (“OTT”) players, and mobile network operators, today signed definitive agreements to acquire Masivian S.A.S (“Masiv”), a cloud communication platform service provider catering to enterprises in Latin America (LatAm),” said the firm in a release.

The payment will be done in instalments and the first tranche will be equal to 63.16% of the total purchase consideration. Second, third and fourth instalments, each equivalent to 12.28% of the total purchase consideration, will be paid upon completion of 12, 18 and 24 months, respectively, from the date of closing of the transaction.

The deal includes an earnest consideration of $2.5 million.

Masiv has multichannel notification services through SMS, OTT business messaging, email, as well as voice, serving clients across Colombia and Peru. With this acquisition, Route Mobile will penetrate further into the Colombian markets.

“As founders of one of the leading CPaaS players globally, a key target for us was to onboard a global partner to gain a bigger foothold in the Latin American region, and address the international traffic that we’re yet to tap. We intend to be actively involved in Masiv’s growth and expansion of its portfolio,” said Rajdipkumar Gupta, Managing Director and Group CEO, Route Mobile Limited.

Subject to the fulfillment of customary terms and conditions of the definitive agreements, the acquisition is expected to be completed within the next 60 days, the company said.