Route Mobile to buy Phonon Communications for ₹29 crore
April 29, 2021
Deal amount includes upfront, deferred payments
Route Mobile Ltd, a cloud communication platform service provider, has signed a definitive agreement to acquire Phonon Communications Pvt Ltd (PCPL) for ₹29 crore in an all-cash deal. The deal amount includes upfront and deferred payments.
The upfront payment will be paid out upon closing of the transaction and deferred consideration will be paid out in four tranches. The acquisition is expected to be completed by May 31, Route Mobile said in a statement.
Rajdipkumar Gupta, Managing Director and Group CEO, Route Mobile Limited said, “Phonon’s Communication automation platform, combined with Route Mobile’s suite of CX driven solutions will benefit digital brands to transform and automate their contact centre operations, offering unique digital communications experiences to their customers”.
Route Mobile Limited signs definitive agreement to acquire Phonon Communications Private Limited
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