Twilio, a leading cloud communications platform provider and SendGrid have entered into an agreement for Twilio to acquire SendGrid in an all-stock transaction valued at approximately $2 billion.
Adding the leading email API platform to the leading cloud communications platform can drive tremendous value to the combined customer bases. The resulting company would offer developers a single, best-in-class platform to manage all of their important communication channels -- voice, messaging, video, and now email as well.
Jeff Lawsonm co-founder & CEO of Twilio wrote in a blog that, "We’ve watched SendGrid on their journey to build the industry’s best cloud-based email delivery platform. They’ve taken the same developer-first approach as we have - building a great API, reducing friction to getting started, focusing on trust and quality and showing developers what's possible with the power of code."
"Joining Twilio enables us to accelerate our journey toward a shared vision of offering one trusted platform to fuel the future of customer communications. We are excited to be a part of a proven, successful and rapidly growing cloud communications platform, aligned with our API-driven developer-centric roots, as well as our mission, vision and values," said CEO of SendGrid in a statement.
