Sinch in a SEK 3.3 billion secondary deal, adds Softbank as investors.

Sinch, a Stockholm, Sweden-based public company providing global cloud-based communication solutions, announced getting into a $690 investment deal.

The deal involves Sinch issuing and selling 3,187,736 shares worth SEK 3.3 billion ($381.6M), while large shareholders have sold a further 5,200,000 shares — with SoftBank the sole buyer.

Sinch, founded as CLX Communications, provides cloud-based “omnichannel” voice, video and messaging services to help enterprises communicate with customers. The company is listed on the local stock exchange from Sweden.

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