Sinch completed the acquisition of MessageMedia from Mercury Capital for $1.3bn.

Sinch, a provider of cloud communications for mobile customer engagement, completed the acquisition of MessageMedia, a provider of mobile messaging solutions for small and medium-sized businesses in the United States and Australia, New Zealand, and Europe, from private equity firm Mercury Capital for $1.3bn. "Addressing small and medium-sized businesses opens up a new avenue to growth and dramatically expands our addressable market. With MessageMedia as a part of Sinch, we will have the best team in the industry to capitalize on that opportunity," Oscar Werner, Sinch CEO.