B2Press Online PR Service
UNIFONIC ANNOUNCES ACQUISITION OF SESTEK, FURTHER DIVERSIFYING ITS OFFERINGS AND EXPANDING ITS GEOGRAPHICAL REACH AS A LEADING CUSTOMER ENGAGEMENT COMPANY
Unifonic, a leading Communications Platform as a Service (CPaaS) provider in the Middle East, announced today the acquisition of Sestek, an R&D-focused AI-powered conversational automation company.
The acquisition provides Unifonic with immediate access to Sestek’s suite of cutting-edge “Conversational AI and Analytics” solutions and a strong base of existing clients and partners. Sestek’s offerings complement Unifonic, and the combined capabilities will result in a more holistic customer engagement offering to their global customers. Unifonic, a leading Communications Platform as a Service (CPaaS) provider in the Middle East, announced today the acquisition of Sestek, an R&D-focused AI-powered conversational automation company. The transaction was closed on the 12th of October, 2022. Ahmed Hamdan, Unifonic Co-Founder and CEO, said, “Unifonic and Sestek share an ongoing commitment to disrupting the fast-growing and evolving customer engagement space. Sestek’s omnichannel and AI-powered conversational automation solutions significantly enhance Unifonic’s product portfolio. With our combined technology and go-to-market capabilities, we will continue to deliver on our growth objectives, while effectively leveraging Sestek’s capabilities across our clientele and strategic markets.” “We are excited to embark on this next phase of growth alongside the Unifonic team,” said Prof. Levent Arslan, Sestek Founder and CEO. “We have been impressed by Unifonic’s ability to rapidly scale its business while continuing to provide best-in-class, transformative CPaaS solutions for customers. We look forward to leveraging the combined capabilities of our platforms and go-to-market capabilities to provide enterprise-grade, omnichannel customer engagement technology solutions to a global clientele. Unifonic’s recognition as one of the emerging markets’ CPaaS leaders, backed by marquee investors including Softbank and Sanabil (a PIF company), will accelerate our market presence and growth.” Stefan Carlsson, Unifonic CFO, said, “The acquisition of Sestek is a very logical and exciting next step in our growth trajectory, as we continue to expand our suite of customer engagement products and geographic reach. Sestek has delivered a strong financial performance with solid revenue and gross profit growth and the transaction is significantly value accretive to Unifonic’s margins and balance sheet. We look forward to capitalizing on the combined market opportunities provided by this partnership.” Contact: Busra Mihci Issuer: B2Press Online PR Service Key word(s): Information technology
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