Sinch to Buy Software Firm Pathwire in $1.9 Billion Deal (1)

Sinch AB, a cloud-based communications company, is buying business email specialist Pathwire in a deal with an enterprise value of about $1.9 billion. Sinch shares rose as much as 7.2%.

Sinch, based in Stockholm, will pay $925 million in cash and issue 51 million new shares to Pathwire’s owners, which include private equity firms Thoma Bravo and Turn/River Capital, the companies said in a statement Thursday.

Sinch shares were up 3.5% as of 9:19 a.m. in Stockholm.

Pathwire is based in San Antonio, Texas and offers a cloud-based email platform it says is used by companies including Lyft ...