M&A Deal Summary

Twilio Acquires SendGrid

On October 15, 2018, Twilio acquired internet software and services company SendGrid for 2.0B USD

Acquisition Highlights
  • This is Twilio’s 3rd transaction in the Internet Software and Services sector.
  • This is Twilio’s 2nd largest (disclosed) transaction.
  • This is Twilio’s 2nd transaction in the United States.
  • This is Twilio’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-10-15
Target SendGrid
Sector Internet Software and Services
Buyer(s) Twilio
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Morgan Stanley (Financial)
Cooley
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

SendGrid

Denver, Colorado, United States
SendGrid, Inc. is a digital communications platform enabling businesses to engage with their customers via email reliably, effectively and at scale. A leader in email deliverability, SendGrid has processed over 45 billion emails each month for internet and mobile-based customers as well as more traditional enterprises. SendGrid, Inc. was formed in 2009 and is headquartered in Denver, Colorado.

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Buyer(S) 1

Buyer

Twilio

San Francisco, California, United States
Category Company
Founded 2008
Sector Internet Software and Services
Employees5,582
Revenue 4.2B USD (2023)
DESCRIPTION

Twilio is a cloud communication company that enables users to use standard web languages to build voice, VoIP and SMS apps via a web API. Twilio was formed in 2008 and is based in San Francisco, California.

DEAL STATS #
Overall 5 of 7
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 5 of 7
State (Colorado) 1 of 1
Country (United States) 2 of 4
Year (2018) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Ytica

Prague, Czech Republic

Ytica is a provider of customizable contact center reporting, speech analytics and workforce optimization (WFO) software to enhance agent performance in the contact center and provides businesses a unified view of the way they engage with their customers. Ytica was founded in 2017 and is based in Prague, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Segment.io

San Francisco, California, United States

Segment is a customer data platform (CDP) that democratizes access to reliable data for all teams and offers a complete toolkit to standardize data collection, unify user records, and route customer data into any system where it’s needed. More than 20,000 companies like Intuit, FOX, Instacart, and Levi’s use Segment to make real-time decisions, accelerate growth, and deliver compelling user experiences. Segment was formed in 2012 and is based in San Francisco, California.

Buy $3.2B
Mergr

Product

Company

Legal