Twilio acquired SendGrid, Inc. for $2.6 billion (all-stock; 23.4 million Twilio Class A shares issued at close; announced at ~$2 billion in Oct 2018 at a 0.485 exchange ratio), a transaction announced in February 2019.
Added the leading email API platform to Twilio's cloud communications platform, giving developers a single best-in-class platform spanning voice, messaging, video and email.
Added the leading email API platform to Twilio's cloud communications platform, giving developers a single best-in-class platform spanning voice, messaging, video and email.
Increasingly, our customers are asking us to solve all of their strategic communications challenges - regardless of channel. Email is a vital communications channel for companies around the world, and so it was important to us to include this capability in our platform.
Advisory firms were not disclosed for this transaction.