May 05 - 16:05
SAP sells messaging business to Sinch for $250 million
Sinch has paid $250 million for SAP Digital Interconnect. Reports of the acquisition first emerged last month as SAP looked to streamline. The deal will allow Sinch, a leader in cloud communications in Europe, to take a foothold in the United States market. 1,500 enterprise customers currently use SAP Digital Interconnect. SAP recently announced that co-CEO Jennifer Morgan is stepping down.
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