Goodwin advised Twilio on its definitive agreement to acquire SendGrid in an all-stock transaction valued at approximately $3 billion. The transaction closed on February 1, 2019.
Adding SendGrid, the leading email API platform, to Twilio, 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. Together, the companies currently drive more than half a trillion customer interactions annualized, and growing rapidly.
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, and video by virtualizing the world’s telecommunications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. By making communications a part of every software developer's toolkit, Twilio is enabling innovators across every industry — from emerging leaders to the world’s largest organizations — to reinvent how companies engage with their customers.
SendGrid is a leading 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.
The Goodwin team was led by partners Stuart Cable, Lynda Galligan, Blake Liggio and Michael Patrone, and associate Yasin Akbari.
For additional details, please read the press release.