CEQUENS, Middle East and Africa's leading Communication Platform as a Service (CPaaS) provider, has entered into a definitive agreement to acquire Synq Africa, an East Africa provider.
Acquiring and having a local presence in Kenya is yet another step of many, towards the development of its business and the company’s strategic expansion in the MEA region. Founded and headquartered in Egypt, CEQUENS has successfully expanded its’ operations and offices in the region; with offices in Saudi Arabia, United Arab Emirates, United Kingdom, and Morocco.
With more than 700 global carrier connections and more than 85 direct connections with mobile network operators in the Middle East and Africa, CEQUENS has established itself as a key player in the cloud communications industry and is one of the leading messaging providers in the region.
Commenting on the Company’s acquisition, Karim Khorshed, CEO of CEQUENS, said: “I am thrilled to welcome Synq Africa’s team to the CEQUENS family, a definitive step towards expanding our cloud communication offerings in the region. I am confident, that together we will further empower businesses with the solutions they need for their digital transformation by providing a one-stop communication shop. Synq Africa’s team will be leading our products’ expansion in the region, where the Kenya office will be our hub for the East African markets.”
Founded in 2013, in Nairobi, Kenya, Synq Africa is a messaging provider and next-generation relationship management firm with a large Africa footprint. With direct connections to operators in over twenty countries in Africa, trusted by hundreds of customers and communication partners, the company has steadfastly grown over a short period of time with minimal resources.
Dr. Khaled Sherif, CEQUENS Group Chairman, added: “This important milestone comes to ensure the steady growth of CEQUENS business and to ensure the financial and operational solidity of the group. We are pursuing our expansion plans in confidence capitalizing on our people capabilities and customers’ confidence.”
“As an an-African startup, one that has successfully grown over the years, we are delighted to join forces with CEQUENS, another African-born business. This acquisition will enable us to extend our product offerings and solutions and will guarantee our customers continuance of the service they have become used to,” said Boaz Yaya, Synq Africa’s Co-Founder and Managing Director.
Mourad Salah, CEQUENS Mergers, and Acquisitions Director said: “Bringing the two companies together is a great milestone for both CEQUENS and Synq Africa; CEQUENS will have access to East African markets through Synq Africa’s operations and network in Kenya and Synq Africa will widen its product offering. This acquisition is the first of more to come, as we plan to further expand in Africa through joining teams with more young successful companies in our sector."
CEQUENS currently serves numerous corporations across the banking, fintech, medical, transportation industries, and services sectors. These include Al Rajhi Bank – the world's largest Islamic bank and one of the largest joint-stock companies in the KSA, King Fahd Medical Center (KFMC), Saudi Arabia’s National Housing Company (NHC), Takamol Holding, Cemex, SWVL, Anghami, and XPay.
Synq Africa provides seamless integration between enterprises and their customers through innovative mobile solutions. As a next-generation relationship management firm, Sync Africa’s focus has been on creating new markets and harnessing existing propositions. Through its Africa-wide footprint, we open doors to a cross-section of mobile network operators who are always keen to do business with providers of carrier-grade solutions, platforms, and equipment
We're leading Communication Platform as a Service ( CPaaS ) provider in the Middle East and Africa (MEA) region that aims to bridge communication gaps in a communication-driven world.
Powered by innovation and guided by a Cloud-First and Mobile-First approach, we provide omnichannel communication APIs that enable enterprises and developers to communicate with their customer base worldwide.
As an Endeavor and GSMA associate member, CEQUENS plays a pivotal role in transforming communication in the region.
CEQUENS proprietary, PCI/DSS compliant Communication Platform leverages the latest cloud technologies and features a comprehensive portfolio of products and solutions that are industry-focused, agile, scalable, and cost-effective.