Cloud communications business Twilio has agreed to acquire customer data infrastructure company Segment for $3.2 billion, two sources tells Forbes. A fellow San Francisco-based company, Segment was founded in 2012 and appeared at No. The acquisition comes almost two years to the date after Twilio announced it would acquire API provider SendGrid for $2 billion in stock. Twilio shares are up about 146% since then, as Twilio has proven a strong performer on the public markets. Segment insiders set to receive Twilio shares might hope for a repeat of that history.

Source: Forbes October 09, 2020 22:52 UTC