San Antonio tech company snatched up for $1.9 billion in blockbuster deal

On Thursday, September 30, San Antonio-based Pathwire, a cloud-based email transportation platform, was acquired by Swedish tech steadfast Sinch successful a woody valued astatine $1.9 billion. In summation to $925 cardinal (U.S.) successful cash, the transaction besides includes 51 cardinal caller shares successful Sinch, according to a property release. 

Pathwire provides an email deliverability level for transactional and selling email, an manufacture that is worthy $16 cardinal a year, according to numbers from Techvinio. Pathwire manages much than 100,000 clients (including large names similar Lyft, Microsoft, and DHL, among others) and chiefly works successful transactional email.

"[This deal] besides points to conscionable however important email is arsenic a cardinal portion of the communications landscape, with services you whitethorn ne'er adjacent deliberation doubly astir but usage each the clip — booking confirmations, receipts and password resets — falling nether this umbrella," notes TechCrunch successful a communicative astir the acquisition.

TechCrunch besides notes that it present gives the Swedish-based Sinch a large foothold successful the U.S. market.

"The transaction is expected to make important gross synergies from the cross-selling of Sinch and Pathwire products to each other’s lawsuit base. Upon closing of the transaction, Pathwire volition besides beryllium capable to leverage Sinch’s established income beingness successful 47 planetary markets to thrust further maturation with nett caller endeavor customers," notes a property release.

In summation to its San Antonio headquarters, Pathwire already had offices Europe and the UK. It employs 290 people, according to the release. 

“Every signifier of integer communications has its unsocial benefits, and delivering precocious prime astatine standard requires some extended method capabilities and heavy taxable substance expertise," says Sinch CEO Oscar Werne. “Together with Pathwire, we volition beryllium capable to connection a best-of-breed merchandise set, crossed messaging, dependable and email, that empowers businesses and developers to trade an unmatched, digital, lawsuit experience.”