Twilio Closes Acquisition of Sendgrid at USD $3 Billion

Twilio's acquisition of Sendgrid completed

Twilio, one of the leading cloud communication platforms announced that they have successfully completed their acquisition of Sendgrid Inc., a leading email API platform.  The transaction is closed at approximately $3 billion in an all-stock deal.

San Francisco based Twilio allows software developers to use their web service APIs to make and receive phone calls, send and receive text messages, and other communication functions.

Denver based SendGrid is a cloud-based email delivery platform that reliably delivers around 25 billion emails each month for Internet and mobile-based customers like Airbnb, Spotify, and Uber.

Executive Opinion:

Twilio's co-founder and CEO, Jeff Lawson,  said, “Effective customer engagement is a strategic imperative for every company. With SendGrid now a part of Twilio, our goal is to provide a complete platform for every form of customer engagement. Through our mutual developer-first approach, we empower the builders of the world to create magical customer experiences unique to every interaction.”

SendGrid CEO Sameer Dholakia, said, “Together, we serve more than 140,000 active customer accounts and power more than 600 billion annualized interactions each year. We have a shared vision, a shared model and shared values that will set us up for success. As we join forces today, I’m more confident than ever that we can accelerate our vision of creating one unquestioned platform of choice for developers and companies around the world and help them transform the way they engage with their customers.”

What's Next

The acquisition of Sendgrid by Twilio redefines the position of the firm in the current market. With the acquisition now complete, developers and businesses can now make use of multiple channels available to them such as voice, SMS, Facebook Messenger, video, WhatsApp and even email.

Sendgrid will operate as a subsidiary of Twilio under the leadership of its former CEO Sameer Dholakia.

PC: Pablo, Unsplash

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Anurag Chawake Opinions expressed by techsutram contributors are their own. More details

I am an Engineering Student with a keen interest in Blockchain, Cloud Computing, AI, ML and related startups. I am currently working with Techsutram as a Writer/Intern.

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