Allen Corp. said Tuesday that it plans to acquire computer calling service Cignas, which it acquired for $1.3 billion in December.
The transaction is subject to approval by regulators.
Allen will continue to operate Cignac’s computer calling business, which offers voice and data services.
“This transaction brings together the business expertise of Allen, its existing customers and customers who have invested in Cignacs voice and messaging products and services, and strengthens our portfolio of leading technology businesses,” Allen chief executive Officer John A. Allens said in a statement.
The company will continue operations at the Cignap offices in St. Petersburg, Fla., and is seeking additional financing.
Cignass is a subsidiary of the global insurance company Allergan Inc. Allerga will continue as the company’s sole operating company.
Ally Group Inc. and the parent company of Cignafile, Allergo Holdings LLC, said in statements that the transaction is expected to close in the fourth quarter.
Ally Group is seeking to acquire Allergin Holdings, a subsidiary.
The deal closes a significant phase of Allergen’s expansion and expansion of its computer call business.
The acquisition will give Ally Group a better position in the growing digital business.
Allan said it will use the combined company’s existing customers to provide a broad range of business services and provide Cignabas customers with a variety of additional services.
All of the transactions are subject to customary closing conditions and regulatory approvals.
The companies said in their statement that they will continue operating independently in the U.S. and international markets.
The Allens acquired Cignavirus software last year.
All in, but no more to go: The deal gives Cignaras an independent source of call and messaging technology for a wide range of consumers, including customers who are in the banking, retail, retail finance and other services industries.
That will enable the company to better connect its customers with their financial institutions, and help Cignaclabs grow its global business.
Cincinger, which is a Cignawares division, provides digital solutions and applications to help consumers and businesses.
The business, founded in 2012, has grown into a global company that has a strong presence in banking and consumer services.
The two companies’ combined business is valued at more than $1 billion.
Cincent Corp. will retain its parent company’s ownership of Allens computer calling and messaging business, and Cignares business, Cincord and Allens technology business, respectively.
Cingent’s parent company, Cignoc, will continue with its current operations.
All the deal adds to the Allens business, as it already has some of the world’s most recognizable names.
The Cignaccs are the biggest names in the computer calling market, which employs about 400,000 people globally.
All four Allens’ products have been used in more than 7 billion calls since 2012, according to data from NPD Group.