Route Mobile targets twin acquisitions by end-FY23 to grow digital security business

Route Mobile, a leading cloud communications platform service provider, is set to conclude two acquisitions by end-FY23 as it looks to grow its business of offering security solutions to thwart digital fraud, a top company executive said.

Route is in talks to buy two companies, one European and an Indian entity. The Europe-based acquisition target will help Route launch mobile identity services while the Indian acquisition target will allow it to offer voice solutions, using artificial intelligence (AI) and machine learning (ML) technologies.