Feb. 1, 2021 Sao Paulo, Brazil and Stockholm, Sweden Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announced that it has joined forces with Wavy to advance innovation globally and to build upon a leading position in mobile messaging in Latin America. First announced in March 2020, the closing of the transaction follows the approval of regulators and brings together Wavy and the former TWW, one of the largest mobile messaging providers for businesses in Brazil, which was acquired by Sinch in late 2019. The combined company serves more than 3,000 businesses, both large and small, including many of Brazil’s leading enterprises in the banking, retail and education sectors. Wavy was previously part of Movile Group, one of Latin America’s leading investors and growth accelerators for technology companies, and has established itself as a leading business messaging provider in the region. The company has successfully leveraged its strong position in text messaging to build a business driven by innovation and strong execution. It is a leading messaging provider in Brazil and offers services in Mexico, Colombia, Peru, Chile, Argentina and Paraguay. “Uniting Sinch and Wavy significantly strengthens our offering in next-generation messaging and expands our presence in Latin America. Our shared vision, greater scale and global outlook makes us uniquely well placed to succeed in the marketplace, innovate with our customers, and grow our business,” comments Oscar Werner, Sinch CEO. “Coming together provides global reach and scale for international customers as well as enhanced quality and reach via more direct connections into Brazil.”
Sinch’s platform is driving more than 107 billion engagements each year, with the ability to reach nearly every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Wavy has direct connections to more than 50 mobile operators in Latin America and currently handles more than 13 billion business messages per year. Enterprise customers relying on Wavy’s SMS capabilities include Caixa, Atento and CitiBanamex. The strong commitment to innovation has also seen Wavy develop a leading position in next-generation, conversational messaging over WhatsApp. Customers in this segment include iFood, Avon and PepsiCo. This business is now seeing year-on-year growth above 250 percent. “Wavy is built on passion, innovation and a mission to make an impact on a global scale. Joining forces with Sinch strengthens how businesses engage with our customers worldwide. We are on a journey that has only just begun and look forward to the combined future of Sinch and Wavy”, comments Eduardo Henrique, Wavy CEO, who now becomes a member of Sinch’s Group Management team as Chief Business Development Officer. “The deal creates a leading A2P company in LATAM, especially Brazil and Mexico, based on volume. For clients, this brings more expertise and even stronger service.” About Sinch Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 40 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Learn more at sinch.com.
About Wavy
WAVY Global is a Movile Group company focused on empowering customers to create valuable experiences for people through technology. Wavy has several solutions, some utilizing AI, that help companies strengthen their relationship with their customers using multiple conversational channels such as SMS, WhatsApp, Apple Business Chat and Google RCS. With more than 20 years of experience in the market, WAVY Global operates in six countries in Latin America, with headquarters in Brazil. The company is connected to more than 50 mobile operators, delivering more than one billion messages per month. Its clients include Avon, iFood, Caixa, PepsiCo, Atento, CitiBanamex, Banco Azteca and others. WAVY Global was included among the 100 Startups to Watch in 2019, ranking carried out by the magazines “Pequenas Empresas & Grandes Negócios”, “Época Negócios” and the consultants Corp.vc and EloGroup. Learn more at wavy.global.
About Movile Headquartered in São Paulo, Brazil, Movile is a leading Latin American investor and growth accelerator for technology companies. The Movile team is passionate about challenges and dreams big, with the goal of positively impacting the lives of 1 billion people through its technology and applications. The company employs more than 4,000 people around the world who are specialists in finance, management, culture and innovation. They work daily to support the companies in its ecosystem to achieve exponential growth. Movile Group companies include iFood, Sympla, MovilePay, Zoop, PlayKids and Mensajeros Urbanos. For more information, visit www.movile.com.br Find out more at movile.com.br.
Media contact:
Jeff Hasen Director of Content & Communications – Sinch [email protected]