Global communications enabler BICS has acquired US-based cloud communications and solutions provider TeleSign in a transaction worth USD230 million. The Brussels-headquartered wholesale carrier says the deal combines BICS’ global reach and network with mobile identity and authentication solutions to create a ‘world-first’ end-to-end Communication Platform as a Service (CPaaS).
BICS says the acquisition will:
• Enable companies of all size and sector to create innovative new communications services
• Harness the cloud to enable the digital transformation of communications
• Expand BICS’ remit from a global carrier to a digital enabler, aiding in diversification of customers, solutions, and expertise.
TeleSign’s CEO Aled Miles said: ‘TeleSign has a strong business with annual revenues of around USD100 million built on security and on a pedigree of innovation, with a strong portfolio of global customers … Being the industry’s first end-to-end CPaaS means we can offer an unmatched level of business communications as we help organizations grow, engage and secure their end-users anywhere in the world.’
Daniel Kurgan, CEO of BICS, stated: ‘[BICS has] built a solid business of over USD1.6 billion in yearly turnover, with the ambition of bridging the telecom world with the new and innovative communications providers worldwide. By combining the power of TeleSign’s advanced cloud communication platform and customer base with BICS’ market-leading footprint and global reach, we are well positioned to lead the development of one of technology’s most exciting sectors.’