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CLX Communications

FormerlyCLX Networks
Company typePublic limited company
XSTO: CLX
IndustryCloud communications
Founded2008; 16 years ago (2008)
Headquarters
Stockholm
,
Sweden
SubsidiariesSymsoft
Sinch
WebsiteCLX

CLX Communications, better known simply as CLX, is a telecommunications and cloud communications platform as a service (PaaS) company[1] based in Stockholm, Sweden.

Headquartered in Stockholm, CLX has more than 30 offices worldwide, including Atlanta, London, Madrid, San Francisco, Singapore and Sydney.

History

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CLX was founded in 2008 by Johan Hedberg, Robert Gerstmann, Kristian Männik, Henrik Sandell, Björn Zethraeus and Kjell Arvidsson[2][3][4].

After announcing its intention to proceed with an initial public offering (IPO) in September 2015[5][6][7], CLX completed the IPO of its shares and began trading on Nasdaq Stockholm in October 2015[8], with the introduction price set at SEK 59[9]. The company is listed on Nasdaq Stockholm, on the Mid Cap list under the Technology sector[10].

In 2017, CLX entered into a strategic partnership with Google "to provide the next generation of messaging services to brand marketers using Rich Communications Services (RCS) standard embedded directly into consumers' native messaging apps"[11]. Part of Google's Early Access Program (EAP), CLX will enable enterprises to build with RCS[12] and be one of the first companies to offer an upgraded messaging experience.

Acquisitions

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In 2009, CLX acquired Symsoft, which forms the Operator Division of CLX Communications. The division offers software and services to customers in the areas of IoT platforms, real-time BSS, VAS, fraud prevention solutions for revenue retention and full-service solutions for virtual operators.

In 2014, CLX acquired Voltari's mobile messaging business in the US and Canada[13][14].

In 2016 CLX acquired Mblox for USD 117 million[1][15][16]. At the time, Mblox was one of the largest messaging service providers in the world, delivering 7 billion messages in 2015[17]. Later in the year, CLX also acquired Sinch for a total consideration of SEK 138.9 million on a debt-free basis[18].

In 2017, CLX acquired German provider Xura Secure Communications GmbH in February 2017[19], and UK-based Dialogue in May 2017[20][21].

In March 2018, CLX entered into a definitive agreement to acquire Danish company Unwire Communication ApS[22] for DKK 148 million[23]. Upon completion, CLX will become the largest CPaaS provider in the Nordic region[24]. The following month, they announced that they had acquired Seattle-based company Vehicle for USD 8 million[25][26].

See also

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References

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  1. ^ a b Alpha, Digging For (2018-05-24). "SMS Is Not Yet Dead, And CLX Communications Will Benefit From Increasing Enterprise Demand". Seeking Alpha. Retrieved 2018-06-08.
  2. ^ "CLX söker nytt skyltfönster". Dagens industri. 2015-09-07. Retrieved 2018-04-27.
  3. ^ "Glöm Whatsapp - sms-bolag gör succé och går mot börsen". Breakit (in Swedish). Retrieved 2018-04-27.
  4. ^ "Svenska techbolaget CLX intar USA – köper bolag för en miljard". Breakit (in Swedish). Retrieved 2018-06-08.
  5. ^ "Swedish tech company CLX to enter the stock exchange - Swedish Startup Space" (in Swedish). Retrieved 2018-04-27.
  6. ^ "Lindahl advises CLX Communications and shareholders in connection with the listing on Nasdaq Stockholm | Lindahl". www.lindahl.se. Retrieved 2018-06-08.
  7. ^ "CLX Communications lyfter i börspremiären". Affärsvärlden (in Swedish). Retrieved 2018-06-08.
  8. ^ Nasdaq (2015-10-08), CLX Communications Listing Ceremony on Nasdaq Stockholm, retrieved 2018-04-27
  9. ^ "Final Offer Price for CLX Communications' Initial Public Offering Set at SEK 59 Per Share – Trading on Nasdaq Stockholm Commences Today". www.businesswire.com. Retrieved 2017-12-20.
  10. ^ "Nordic Mid Cap - Listed Companies - Nasdaq". www.nasdaqomxnordic.com. Retrieved 2017-12-20.
  11. ^ "CLX Communications and Waterfall to Modernize Mobile Messaging via Google Early Access Program to RCS Business Messaging | Malaysia Global Business Forum". www.malaysiaglobalbusinessforum.com. Retrieved 2017-12-20.
  12. ^ "Mobile messaging gets rich as Google opens up its Early Access Program to RCS business messaging | Telemedia Online". Telemedia Online. 2017-02-24. Retrieved 2017-12-20.
  13. ^ "Voltari - North American messaging division | Crunchbase". Crunchbase. Retrieved 2017-12-20.
  14. ^ "CLX Networks acquires Voltari's messaging business in NA". www.telecompaper.com. Retrieved 2018-04-27.
  15. ^ "CLX Acquires mBlox for $117M Cash". Wall Street Journal. 2016-07-12. ISSN 0099-9660. Retrieved 2017-12-20.
  16. ^ "Svenskt mobilbolag köper amerikanska konkurrent för en miljard". IT24 (in Swedish). Retrieved 2018-04-27.
  17. ^ "Mission complete: CLX Communications fully aquires Mblox". Retrieved 2018-06-08.
  18. ^ "CLX Communications offers to acquire Sinch". webrtc.digest. 2016-12-09. Retrieved 2018-04-16.
  19. ^ "Xura Secure Communications | Crunchbase". Crunchbase. Retrieved 2017-12-20.
  20. ^ Ltd, Insider Media. "Dialogue snapped up for £32m by Swedish group". Insider Media Ltd. Retrieved 2018-04-16.
  21. ^ "Svenskt SMS-företag köper konkurrent för 370 miljoner". digital.di.se. Retrieved 2018-04-27.
  22. ^ CNBC (2018-03-22). "CLX acquires Unwire, strengthening its platform and customer base in the Nordic region". CNBC. Retrieved 2018-04-27.
  23. ^ "CLX Communications sending an acquisitive message". www.capacitymedia.com. Retrieved 2018-06-08.
  24. ^ "CLX Communications AB (publ) strengthens its Nordic position by acquiring Unwire, a Danish cloud communications provider - NASDAQ.com". NASDAQ.com. Retrieved 2018-03-23.
  25. ^ "CLX förvärvar Vehicle". Realtid (in Swedish). Retrieved 2018-04-16.
  26. ^ "CLX förvärvar amerikanskt bolag". Affärsvärlden (in Swedish). Retrieved 2018-06-08.
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