ROUTE MOBILE: A Serial Acquirer gets Acquired

Route Mobile Limited ("Route" or "RML") established in 2004 is a cloud communications platform service provider, catering to enterprises, overthe-top (OTT) players and mobile network operators (MNO).

RML's portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics and monetization. RML has a diverse enterprise client base across a broad range of industries including social media companies, banks and financial institutions, e-commerce entities and travel aggregators. RML is headquartered in Mumbai, India with a global presence in Asia Pacific, Middle East, Africa, Europe and North America. The equity shares of RML are listed on nationwide bourses in India.

Proximus Group is a provider of digital services, communication and ICT solutions operating in the Belgian and international markets. The equity shares of Proximus are listed on Belgium Stock Exchange. Proximus Group is controlled solely by Belgium State (53.51%) and remaining by public & treasury shares.

Proximus Opal is 100% owned by Proximus Group is a holding entity (100%) of Telesign which provides Continuous Trust to leading global enterprises by connecting, protecting, and defending their digital identities. Telesign verifies over five billion unique phone numbers a month, representing half of the world's mobile users, and provides critical.

Journey So far for Route

Started in 2004, Route Mobile become India's multinational Communication as Platform Services (CPaaS) company within decade. With help of few acquisitions, Route transitioned as an Enterprise Business model. The equity shares of the Company got listed in 2019 on nationwide bourses in India. The Initial Public offering ("IPO") was comprising of combination of fresh issue & offer for sale. RML raised INR 240 crore through IPO.