Infobip Group, a global cloud communications platform company for customer engagement and leader in CPaaS solutions, recently signed a definitive agreement with global VoIP provider Peerless Network, marking Infobip’s fourth acquisition in a year.
The transaction is expected to complete upon receipt of regulatory approvals in 2022 and will be financed with a combination of Infobip shares and cash, according to a statement.
Peerless Network management will roll parts of its holdings into Infobip. The deal extends Infobip’s voice presence in the US and makes its world-class suite of CPaaS products available to Peerless customers, driving high quality conversation across the entire customer journey.
The growing vast global reach has been helping Infobip to ensure a robust local presence in Bangladesh since 2015. Infobip has already been serving the Bangladesh market successfully with voice and other major CPaaS products besides SaaS solutions.
Launched in 2008, the Peerless Network portfolio delivers a robust suite of cutting-edge voice, UCaaS, SIPTrunking, Messaging, APIs, MS Teams integration, and other collaboration products and services.
Founded a few years apart in the mid-2000s, both companies have experienced high-growth and are truly innovative in their respective approaches to market based on shared cultures that centre on employee participation.