Akin to peers, Route Mobile's acquisition strategy is aimed at expanding beyond core Markets as well as augmenting the CPaaS capabilities. Recently announced acquisitions of Masiv (LATAM), Interteleco (Kuwait) and Send Clean (Email messaging) are all in-line with this strategy. Simultaneously, the company continues to consolidate its business in the core markets through a mix of farming and hunting new clients as adoption for digital communication continues to accelerate.
We note that Route saw a 47% YoY revenue growth in FY21 (versus 28% revenue CAGR between FY17-20). Similarly Route continues to broad base it’s business as is evident from the scale up evident from the client metrics over time.
