M&A Deal Summary

Twilio Acquires Zipwhip

On May 17, 2021, Twilio acquired internet software and services company Zipwhip for 850M USD

Acquisition Highlights
  • This is Twilio’s 5th transaction in the Internet Software and Services sector.
  • This is Twilio’s 3rd largest (disclosed) transaction.
  • This is Twilio’s 4th transaction in the United States.
  • This is Twilio’s 1st transaction in Washington.

M&A Deal Summary

Date 2021-05-17
Target Zipwhip
Sector Internet Software and Services
Buyer(s) Twilio
Deal Type Add-on Acquisition
Deal Value 850M USD
Advisor(s) Morgan Stanley (Financial)
Cooley (Legal)

Target

Zipwhip

Seattle, Washington, United States
Zipwhip is a business-texting platform in North America, helping more than 30,000 organizations engage their customers and drive growth through texting. Zipwhip has text-enabled more than 5 million landline and toll-free phone numbers so that businesses can reach their customers immediately, on the channel they prefer. Organizations can text-enable their business lines in minutes and seamlessly fit texting into their existing workflows using Zipwhip’s out-of-the-box software or customizable APIs. And with the most direct carrier connections of any texting provider, Zipwhip offers the fastest and most reliable message delivery in the industry so you know your customers get the message every time. Zipwhip is based in Seattle, Washington.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Twilio

San Francisco, California, United States

Category Company
Founded 2008
Sector Internet Software and Services
Employees5,535
Revenue 4.5B USD (2024)
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 7 of 7
Sector: Internet Software and Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 7 of 7
State: Washington M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS 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