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Trending Stocks – Route Mobile Ltd.

StockEdge by StockEdge
May 19, 2023
Reading Time: 4 mins read
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Route mobile ltd.

In this blog, we will share our spotlight on Route Mobile Ltd.

Route Mobile Ltd. – Highlights

  • The shares of Route Mobile Ltd. was trading at Rs.2112.20, up by 19.2%, hitting a 52 week high of Rs.2125.80 in today’s trading session.
  • The stock price has increased by 23.28% in last one week, while the benchmark index S&P BSE Sensex has decreased by 0.83%.
  • The stock surged after the company announced the signing of definitive agreements to acquire the artificial intelligence-driven email communication platform Sendclean from Sarv Webs Private Limited (“Sarv”).
  • Subject to closing conditions, Route Mobile has acquired (via a slump sale) the core intellectual property (IP) for Sarv’s business email technology platform (transactional and promotional email), the team of professionals who built and support the platform, and customer contracts.
  • The upfront purchase consideration of Rs.26.25 crore will be paid in cash at the closing of the acquisition. According to the company, a deferred consideration of Rs.4 crore will be paid in cash on the first anniversary of the acquisition’s closing.
  • The combination of Sarv’s email communication technology and Route Mobile’s CxPaaS (Customer Experience Platform as a Service) platform will provide unified and unparalleled cloud-based digital communication solutions to global enterprise clients, according to a press release from Route Mobile.
  • The acquisition places Route Mobile in a unique position to provide a completely customizable email interaction platform, as well as A2P SMS, OTT messaging, voice, and enhanced business messaging solutions for enterprises looking to strengthen their customer relationships across multiple touchpoints. According to the company, enterprises can also gain actionable insights through intelligent automation and create simplified communication strategies for their customers at every stage of the service cycle.
  • The transaction is expected to close within the next 30 days, subject to customary condition precedents and regulatory approvals, as applicable.
  • Route Mobile offers cloud communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) providers, and mobile network operators (MNOs). As of June 30, 2020, the company’s enterprise solution consists of two primary components: a front-end that provides an interface for enterprises to integrate with, and a back-end that is directly integrated with over 240 MNOs and provides access to over 800 MNOs globally, allowing the company to leverage their SMS and voice channels for digital communication (Super Network).
  • Furthermore, the backend is integrated with OTT business messaging solution providers and is capable of supporting Rich Communication Services (RCS) business messaging, providing enterprises with multiple channels of communication. The company’s omni-channel platform enables enterprises to engage with their stakeholders, including customers, employees, and vendors, by leveraging various modes of digital communication.
  • Application-to-peer (A2P) / peer-to-application (P2A) / 2Way Messaging, RCS, OTT business messaging, voice, email, and omni-channel communication are among the enterprise communication services offered by the company. Additionally, it provides SMS analytics, firewall, filtering, and monetization, SMS hubbing, and Instant Virtual Number (IVN) solutions to MNOs worldwide. Some of the world’s largest and most well-known organizations, including several Fortune Global 500 companies, are among its clients.

For more fundamental data and analysis, click on Route Mobile Ltd.

Route mobile ltd.

Read our latest article on Laurus Labs Ltd. – A leading research-driven pharmaceutical company

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Disclaimer: This document and the process of identifying the potential of a company has been produced for only learning purposes. Since equity involves individual judgments, this analysis should be used for only learning enhancements and cannot be considered to be a recommendation on any stock or sector.

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Comments 1

  1. Avatar of bhagwan naikwade bhagwan naikwade says:
    4 years ago

    Nice

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The stocks, securities, and investment instruments mentioned herein are not recommendations under SEBI (Research Analysts) Regulations, 2014. Readers are advised to conduct their own due diligence and seek independent financial advice before making any investment decisions.

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