Tofane Global announced the acquisition of DIMOCO Messaging, a global SMS aggregator that delivers around two billion messages per year.
The size of the global business messaging or application-to-person (A2P) market is expected to reach $38 billion in 2025 from $26.5 billion in 2022. Business SMS can become a key revenue generator for mobile operators as adoption of messaging is starting to surge. At present, only 5 percent of companies are using SMS A2P.
With this acquisition, TOFANE’s subsidiary iBASIS significantly accelerates its growth, doubling mobile services revenues to reach 20 percent of the company’s total revenues.
The addition of DIMOCO Messaging enhances iBASIS’s carrier-grade network infrastructure by adding more than 100 direct connections to mobile operators worldwide, ensuring the highest standards of speed and reliability for message termination.
iBASIS geographically expands its global commercial presence with DIMOCO Messaging’s offices located in Liechtenstein, Austria, Germany, and Serbia.
