Twilio is shopping for buyer knowledge start-up Phase in a inventory deal valued at about $3.2 billion as demand for cloud expertise surges in the course of the pandemic
SAN FRANCISCO — Twilio is shopping for buyer knowledge start-up Phase in a inventory deal valued at about $3.2 billion as demand for cloud expertise surges in the course of the pandemic.
Each corporations are based mostly in San Francisco and Phase will grow to be a part of the cloud computing firm.
“By becoming a member of forces and making use of our buyer knowledge platform to Twilio’s engagement cloud, we’ll have the ability to make your entire buyer expertise seamless from end-to-end,” Phase co-founder and CEO Peter Reinhardt stated in a ready assertion Monday.
The boards of each corporations have accepted the deal, which is anticipated to shut within the fourth quarter.
Twilio Inc. has grown explosively this 12 months with demand for cloud expertise rising as tens of millions work at home with COVID-19 infections unchecked within the U.S.
