Cloud communications specialist IMImobile has agreed to acquire Impact Mobile, one of Canada's leading providers of end-to-end mobile engagement solutions, from Dealnet Capital Corporation. The acquisition is aimed at extending IMImobile's reach into the US while also complementing IMImobile's product set and customer base.
Impact Mobile provides a full range of software solutions and services to mobile operators, retailers, SMS aggregators, government agencies and major household brands across Canada and the US, with its JumpTXT platform helping clients meet regulatory compliance requirements, providing mobile engagement capabilities and supplying carrier grade messaging infrastructure.
The acquisition deal consists of C$25m (£14.4m) payable on completion as well as a deferred cash consideration of C$2.5m payable six months later. Impact Mobile, which is headquartered in Toronto with offices in New York, reported turnover of C$10.6m last year.
"We are delighted with the acquisition of Impact Mobile," said Jay Patel, CEO of IMImobile. "As with our previous acquisitions, this combination allows us to extend the distribution of our software into an established and growing customer base. We look forward to working with the experienced Impact Mobile team and expanding our footprint across North America."