Route Mobile targets twin acquisitions by FY23 end to expand 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 it launch mobile identity services while the Indian one will allow it to offer voice solutions, using artificial intelligence (AI) and machine learning (ML) technologies.