Sweden-based cloud computing services provider Sinch AB has entered into an agreement to acquire India’s ACL Mobile Limited for about Rs 5,350 million in cash.

Founded in 2000, ACL Mobile is a provider of cloud communications services in India and Southeast Asia.  ACL serves more than 500 enterprise customers and is particularly successful in banking and financial services industry.

The acquisition will allow Sinch to expand its reach in the region and to leverage ACL’s direct connections to mobile operators in India, Malaysia, and UAE and offer end-to-end connectivity.