Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, announces that the acquisition of Wavy, through the two legal entities Movile Internet Móvel S.A. and Wavy Global Holdings BV, has been completed.
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Sinch announced that it had entered into a definitive agreement to acquire Wavy in a press release on March 26, 2020. The transaction has thereafter been approved by relevant authorities and Wavy will now be merged with the TWW business, one of Brazil’s leading providers of mobile business messaging, which was acquired by Sinch in late 2019. Sinch now serves more than 3,000 customers in Latin America, including many of Brazil’s leading enterprises in the banking, retail and education sectors.
“Wavy has seen tremendous success through its focus on innovation and customer experience. Matching these capabilities to Sinch’s global scale makes us uniquely well positioned to thrive and grow in Latin America and beyond”, comments Oscar Werner, Sinch CEO.
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With the transaction closed, Sinch also welcomes Eduardo Henrique, currently CEO of Wavy, to the Sinch senior management team. In a new role as Chief Business Development Officer and President, Latin America, Eduardo will build on Wavy’s success in conversational, next-generation messaging to accelerate innovation with Sinch’s customers throughout the world.
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