Route Mobile surges 10{4096c6f39d44714c45f5b36755bfd7eaecf49ae82832f8cdb01e260e21826c23} on acquisition of email technology biz from Sarv
Shares of Route Mobile surged 10 per cent to Rs 1,947.75 on the BSE in intra-day trade on Friday after the company announced the signing of definitive agreements to acquire the artificial intelligence-driven email communication platform Sendclean from Sarv Webs Private Limited (“Sarv”). The stock had hit a 52-week high of Rs 1,979 on February 17, 2021.
Route Mobile is one of the leading cloud communication platform service providers to enterprises, over-the-top (“OTT”) players and mobile network operators. The company’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics and monetisation. Besides Sendclean, Sarv