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Sinch acquires Pathwire , the leading email delivery platform , and intends to carry out a directed share issue secured by investor undertakings sinch Stockholm , Sweden , and San Antonio , Texas - September 30 , 2021 - Sinch AB ( publ ) , a global leader in cloud communications for mobile customer engagement , today announced that it has entered into a definitive agreement to acquire Pathwire , the leading cloud - based email delivery platform , including its Mailgun , Mailjet and Email on Acid products for developers and marketers . Sinch will pay the sellers a cash consideration of USD 925 million and 51 million new shares in Sinch . Using yesterday's closing Sinch share price of SEK 165.9 , and USD / SEK exchange rate of 8.8 , this corresponds to an enterprise value of approximately USD 1.9 billion , or SEK 16.6 billion . Pathwire provides a best - in - class email deliverability platform for transactional and marketing email . Built to remove the complexities of the world's most - used digital communications channel , Pathwire ensures that the right messages are delivered to the right person at the right time . Over 100,000 businesses use Pathwire's products to engage with their customers , including major brands such as Lyft , Kajabi , Microsoft , Iterable , and DHL . The acquisition of Pathwire means that Sinch becomes one of the very few , global CPaaS providers that can deliver leading quality at scale across all the main digital communications channels which businesses use to engage with their customers . " Every form of digital communications has its unique benefits , and delivering high quality at scale requires both extensive technical capabilities and deep subject matter expertise " , comments Oscar Werner , Sinch CEO . " Together with Pathwire , we will be able to offer a best - of - breed product set , across messaging , voice and email , that empowers businesses and developers to craft an unmatched , digital , customer experience . " Businesses turn to cloud - based email service providers to avoid costly in - house solutions and to ensure that each message reaches its recipient as intended . Through its feature - rich email API , email testing tools , and accomplished deliverability services , Pathwire ensures that emails are received with minimum delay , that they are showcased in customers ' prime inbox , and that messages render pixel - perfect on every device and with every email provider . Together with a highly efficient , online go - to - market model , these product strengths have allowed Pathwire to outgrow the competition and deliver consistently high growth and high profitability . Pathwire's offering is centered around three core products : Mailgun offers powerful APIs that let developers integrate automated email messages into products and workflows . With unmatched deliverability rates , Mailgun is the preferred choice for developers looking to send , receive and track emails using a cloud - native , scalable infrastructure . ● ● Mailjet offers a drag - and - drop email builder and suite of APIs that empower marketers to increase customer engagement and maximize marketing ROI . Its powerful tools cater for the entire life cycle of an email ; from design and creativity to testing , deliverability , and analytics . Email on Acid further improves deliverability rates , through an automated pre - deployment checklist , and ensures that every email message renders well across different email providers and devices . " Sinch and Pathwire are a natural fit : both companies have built their businesses around product excellence , a commitment to positive results for our customers , and a focus on clear , measurable outcomes . I'm proud of what the Pathwire team has accomplished , and I'm tremendously excited about this next step on our journey and the many opportunities we can unlock together " , comments Will Conway , Pathwire CEO . 1