SendGrid offers the platform for bulk mailing of e-mails.
History
2018: Twilio purchased SendGrid for $2 billion
On October 15, 2018 the supplier of cloud services of Twilio announced acquisition of SendGrid for $2 billion. After the announcement of this transaction which is going to be closed in the first half of 2019 the quotations of SendGrid jumped by 17%, and securities of Twilio rose in price for 1.5% according to the results of the substantive exchange session and then fell in price by 4% during electronic biddings.
In Twilio reported that purchase of SendGrid will allow developers "manage all important communication links - a voice communication, messages, video, and now and e-mail".
 | Even more often our clients ask us to solve all the strategic issues with communication - irrespective of the channel. E-mail is an important communication channel for the companies worldwide therefore it is important to us to include this opportunity in our platform — the CEO of Twilio Jeff Lawson said. |  |
Added to the companies that acquisition of SendGrid is the profitable transaction as development of own services e-mail requires considerable efforts.
To the middle of October, 2018 at Twilio and SendGrid few joint clients, and Twilio gain more income from one user. Initially SendGrid will work as separate division and to sell to clients including Twilio services.[1]
Notes
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