Privately-held, California-based unified communications vendor TeleSign announced today that it is being acquired by Belgium-based BICS in a $230 million cash deal that is set to officially close in the third quarter of 2017.
Once the deal is completed, TeleSign will operate as an independent wholly-owned subsidiary of BICS under the direction of current CEO Aled Miles.
"Combining our technology with BICS’ global carrier footprint, mobile operator reach and strong experience, puts us in a class by ourselves," Miles stated. "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."
Earlier this month on April 18, TeleSign launched its new self-service communications API platform. The API platform enables developers to integrate TeleSign's services including messaging, voice and phone ID capabilities into applications. TeleSign's messaging API provides SMS capabilities, while the voice API provides voice-based messaging for both web and mobile applications.
TeleSign includes SalesForce, Evernote, Citrix and Tinder among its many global customers.
BICS, also known as Belgacom ICS is a global voice carrier and mobile data service provider. As part of its portfolio, BICS also provides business intelligence and analytics as well as fraud and authentication features to customers.
"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," Daniel Kurgan, CEO of BICS, said in a statement.
Sean Michael Kerner is a senior editor at EnterpriseNetworkingPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.