Goodwin Procter represented Mblox, one of the world’s largest application-to-person (A2P) mobile messaging providers, in a definitive agreement to be acquired by CLX Communications AB for a cash consideration of $117 million.
Founded in 1999, Mblox is the largest cloud-based mobile messaging provider in the world, trusted by more companies to carry their mission-critical traffic than any other service. The platform sends seven billion mobile messages a year on behalf of more than 4,000 customers.
CLX Communications is a leading provider of enterprise cloud communications services and software solutions to mobile operators.
The Goodwin team advising Mblox included partner Larry Chu and associates Jeff Cheng, Priya Patel and Sean Montgomery (Corporate/M&A), partner Fred Lim (Debt Finance), partner Andrea Agathoklis Murino and counsel Todd Hahn (Antitrust), partner Kelsey Lemaster (Tax), partner Jim Riley and associate Kevin Liu (Technology Companies/IP) and associate Jacob Osborn (Foreign Trade Regulation).
For more information on the transaction, please view the press release.