There was a bit of inorganic activity in the global Communication Platform as a Service space today. Belgium-based Proximus Group has agreed to acquire a majority stake in India-based Route Mobile, making its second significant investment in the space alongside US-based Telesign. Proximus plans to merge the CPaaS and digital identity capabilities of the two into a global powerhouse.
Proximus Opal, the subsidiary of Proximus Group that already owns Telesign, will become owner of a 58% interest in Route Mobile. Meanwhile, some of the founding shareholders of Route Mobile will re-invest in Proximus Opal. The majority stake will trigger a mandatory takeover event according to Indian regulations.
