March 26, 2020
Stockholm, Sweden and Sao Paulo, Brazil Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has agreed to combine with Wavy to advance innovation globally and to build a leading position in next-generation conversational marketing in Latin America and around the world.
Wavy, part of Movile Group, an ecosystem of leading technology companies in Latin America, 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.
Sinch’s platform is driving more than 40 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 Ingresso Rápido. 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. “Like Sinch, we believe that messaging improves lives every day, bringing ease, and convenience, while connecting people and changing businesses. We launch solutions that serve, optimize and improve all stages of the customer journey, empowering companies to offer a superior experience to their customers.”
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 voice, video, and sms services. 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 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.
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, Ingresso Rapido, 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.
Movile Group is an ecosystem of leading technology companies in Latin America and its big dream is to make the lives of one billion people better through its apps. The company has global operations with more than 4,000 employees across iFood, PlayKids, Wavy, Sympla, Zoop and MovilePay. In 2019, Movile created the 1Bi Foundation to support technology projects for social impact. Today, Movile Group is the most desired technology company by Brazilian professionals, according to the Top Companies ranking from LinkedIn in Brazil. Movile Group is majority owned by Prosus N.V., a global consumer internet group and one of the largest technology investors in the world.
Find out more at movile.com.br.
Jeff Hasen Director of Communications – Sinch
This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts and include expressions such as "believe", "estimate", "anticipate", "expect", "assume", "predict", "intend", "may", "presuppose", "should" or similar. The forward-looking statements in this release are based on various estimates and assumptions that in several cases are based on additional assumptions. Although Sinch believes these assumptions were reasonable when made, such forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and that are beyond Sinch's control. Such risks, uncertainties and important factors could cause the actual results to differ materially from the results expressly or implicitly indicated in this communication through the forward-looking statements. The information, perceptions and the forward-looking statements in this release apply only as of the date of this release and may change without notice.