US and European comms platform Infobip acquires VoIP provider Peerless Network for $200M

US and European comms platform Infobip acquires VoIP provider Peerless Network for $200M

a year ago
Anonymous $33nAR-2OaA

https://techcrunch.com/2022/07/26/us-and-european-comms-platform-infobip-acquires-voip-provider-peerless-network-for-200m/

Infobip, a cloud communications startup which – like Twillio – handles things like SMS, email, voice and WhatsApp messenger for customer engagement, has completed its acquisition of VoIP provider Peerless Network. Although the deal was announced last November, TechCrunch can exclusively reveal that it was worth north of $200 million.

Last year info big raised $500M through a venture debt deal which valued the company at around $10 billion, it claimed. Infobip had reportedly raised $200m from One Equity Partners in 2020 and another $100m after that.