SendGrid Sells to Twilio for $2 Billion

San Diego – October 29, 2018 – Cooley advised digital communications platform SendGrid on its agreement to sell to Twilio in an all-stock transaction valued at approximately $2 billion. The transaction is expected to close in the first half of 2019. Cooley partners Barbara Borden, Michael Platt and Matthew Dubofsky led the team advising SendGrid on the transaction. 

The resulting combined company hopes to drive tremendous value to customers through a single, best-in-class platform to manage all important communication channels – voice, messaging, video and email. Together, the companies currently drive more than half a trillion customer interactions annually. 

“This is a tremendous day for all SendGrid customers, employees and shareholders,” said Sameer Dholakia, SendGrid’s chief executive officer, in a news release. “Our two companies have always shared a common goal – to create powerful communications experiences for businesses by enabling developers to easily embed communications into the software they are building.”

SendGrid is a leading digital communications platform enabling businesses to engage with their customers via email reliably, effectively and at scale. Cooley previously advised the company on its $131 million IPO in 2017. It trades on the New York Stock Exchange under the symbol “SEND.”

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Related Contacts
Barbara Borden Partner San Diego
Matthew Dubofsky Partner Colorado
Michael Platt Partner in Charge – Colorado Colorado
Tanisha A. James Partner New York, Washington, DC
Barbara Mirza Partner Los Angeles, Palo Alto
Mark Windfeld-Hansen Senior Counsel Palo Alto
Rowook Park Partner San Diego
Won Lee Associate Colorado
Danielle Wheeler Associate Colorado
Lindsey O'Crump Associate San Diego
Austin Holt Associate Los Angeles
Sarah Swain Associate Washington, DC
Andrew Epstein Associate Seattle
Kassity L. Mai Associate Reston
Jonathan Rivinus Partner Colorado
Nicola Squire Associate London
Joshua Friedman Partner Boston
Paula Holland Partner London
Ross Eberly Partner Los Angeles
Bryan Berman Associate Colorado
Mike Faber Retired Partner San Francisco