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2016-05-13

CLX Communications AB: CLX acquires Mblox, strengthening its position as one of the global leaders in enterprise cloud communications

CLX Communications AB (publ) ("CLX") today announces that it has
entered into a definitive merger agreement under which CLX will
acquire Mblox Inc. ("Mblox") for a cash consideration of USD 117
million. With this acquisition, CLX solidifies its position as one of
the leading enterprise messaging providers in the world, further
strengthening its position as one of the global leaders in cloud
communications for enterprises.

Mblox is one of the largest application-to-person (A2P) mobile
messaging providers globally processing more than 7 billion messages
in 2015. Mblox was recognized as one of only four Tier-1 providers in
the world (together with CLX) and the highest rated US-based global
provider, according to a survey of mobile network operators conducted
by the Roaming Consulting Company in 2015. Both CLX and Mblox are
enterprise communications service providers with a global presence
and customer base, yet the combination is highly complementary: CLX's
strong position in Europe is complemented by Mblox's strong position
in the US, UK and Australia.

The combined company will have a strong base to leverage CLX's ongoing
expansion for Internet-of-Things (IoT) connectivity, and will deliver
one of the leading platforms with a large number of operator
relationships enabling enterprises to run business critical
communications with both people and things, over all three major
mobile communication channels: messaging, voice and data.

Johan Hedberg, CEO and co-founder of CLX commented. "CLX was founded
with a mission to simplify communications globally and this is a
significant step forward. The deal strengthens CLX's position in
existing markets and more importantly gives us a strong foothold in
the large and attractive US market. The acquisition expands our
global communications network and will also significantly increase
our customer base with a number of blue chip enterprises. The
expansion of our global IoT connectivity network will gain pace due
to the increased footprint and scale with mobile operators that this
deal delivers."

Tom Cotney, CEO of Mblox, commented, "This partnership with CLX forms
a leader in an industry that has been slow to consolidate. The
combination of the companies continues CLX's impressive growth and I
am delighted with the announcement of this deal. It gives our
customers more of what we have been able to deliver over the past
three years - improvements in quality, reliability and the broadest
global reach in the industry. It gives our employees new
opportunities and the pride of being a part of the undisputed leader
in an exciting industry."

For more information
Investor Relations:
ir@clxcommunications.com

Media Relations:
Anne O'Neill
+1 404.260.3510
anne.oneill@cohnwolfe.com

About CLX Communications

CLX Communications (Nasdaq Stockholm: "CLX") is a leading provider of
cloud-based communications services and solutions to enterprises and
mobile operators. Mobile communications services from CLX make it
possible for enterprises to communicate globally with people and
connected devices (Internet of Things, IoT) swiftly, securely and
cost-effectively. CLX's solutions enable business-critical
communication worldwide via mobile messaging services, voice services
and mobile data connectivity services for IoT. CLX has over 600
enterprise customers globally, and over 70 Communications Service
Provider customers (of which approximately 60 are mobile operators)
that have installed and use CLX's internally developed software-based
communications platform in their businesses. For more information,
visit www.clxcommunications.com

About Mblox

Mblox is a leading provider of cloud-based mobile messaging in the
world, trusted by companies to carry their mission-critical traffic.
As the industry's most experienced Tier One SMS aggregator, Mblox
specializes in the unique demands of large-scale mobile messaging
programs and are known for providing reliable, uncompromising
connections. By creating positive brand experiences, Mblox helps
clients transform numbers into profitable relationships with their
customers. For more information, visit www.mblox.com

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http://news.cision.com/clx-communications-ab/r/clx-acquires-mblox--stren...
http://mb.cision.com/Main/13123/2008885/515566.pdf

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