Sinch to acquire SAP Digital Interconnect for €225m.

Sinch, a provider of cloud communications for mobile customer engagement, agreed to acquire SAP Digital Interconnect, a provider of cloud-based communications, from SAP, a provider of enterprise application software, for €225m ($245m). The transaction is expected to close in H2 2020 and is subject to customary closing conditions, including regulatory approval from competition authorities in multiple jurisdictions. "Sinch and SAP both recognize the power of cloud technology to drive business transformation and deliver a superior customer experience. With SDI now becoming a part of Sinch, we build on our scale, focus and capabilities to truly redefine how businesses engage with their customers, throughout the world", Oscar Werner, Sinch CEO.