The Technology team advised Segment on its agreement to be acquired by Twilio for approximately $3.2 billion, paid mostly in Twilio Class A common stock, on a fully diluted and cash free, debt free basis. Segment will become a division of Twilio. The boards of directors of Twilio and Segment have each approved the transaction which is expected to close in the fourth quarter of 2020 subject to the satisfaction of customary closing conditions.

Segment is the world’s leading customer data platform. The platform 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.

Millions of developers around the world have used Twilio to unlock the magic of communications to improve any human experience. Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications.

The Goodwin team was led by Craig Schmitz and Alessandra Simons and included Mark Joseph, Alex Andorfer, Andrew Barton, Monica PatelKelsey LemasterGarrett Gaughan, Jacqueline Klosek, Federica Desantis, Kara Kuritz, Jim Riley, Koray Bulut, Ai Tajima, Christina Keeney, Scott Zilora and Jay Yaworsky.

For additional details on the acquisition, please read the press release.