Twilio surges 6% after it agrees to acquire Segment for $3.2 billion

Jeff Lawson, co-founder and CEO of Twilio, launched his business during the recession.
  • Twilio surged to record highs on Monday after it agreed to acquire Segment for $3.2 billion in an all-stock deal.
  • “Segment lets developers and companies break down those [data] silos and build a complete picture of their customer,” Twilio co-founder Jeff Lawson said.
  • The deal is expected to close in the fourth quarter of 2020.
  • Visit Business Insider’s homepage for more stories.

Twilio hit record highs on Monday after it agreed to acquire Segment for $3.2 billion in an all-stock deal.

Segment is a data platform that provides businesses with a unified customer view “to better understand customers and engage more effectively,” Twilio said.

“By joining forces and applying our customer data platform to Twilio’s engagement cloud, we’ll be able to make the entire customer experience seamless from end-to-end,” Segment

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$45.5 billion cloud communications company Twilio is reportedly getting ready to acquire data startup Segment for $3.2 billion



a man sitting on a leather couch: Jeff Lawson, co-founder and CEO of Twilio, launched his business during the recession. (Photo by Steve Jennings/Getty Images for TechCrunch)


© (Photo by Steve Jennings/Getty Images for TechCrunch)
Jeff Lawson, co-founder and CEO of Twilio, launched his business during the recession. (Photo by Steve Jennings/Getty Images for TechCrunch)

  • Cloud communications company Twilio is set to acquire data startup Segment for $3.2 billion, sources tell Forbes, though a deal is not yet final.
  • Twilio has emerged as a winner in the pandemic economy, with its stock price just about tripling since the beginning of the year. The company now commands a market cap of over $45 billion.
  • Segment was last valued at $1.5 billion in an April 2019 funding round, and counts Accel, Y Combinator, and Alphabet’s GV (formerly Google Ventures) among its investors.
  • Segment laid off 10% of its staff in May, in anticipation of a tougher IT spending environment amid the pandemic. However, the company indicated in September that it now has over 20,000 customers — up from 19,000
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Tracker Ventures Corp. Announces LOI to Acquire Majority Stake in Contakt World, an Emerging Digital Contact Tracing Company

Letter of Intent Designed to Strengthen its Technology and Resources through proposed 80.5% Acquisition of Contakt World

VANCOUVER, BC / ACCESSWIRE / October 6, 2020 / Tracker Ventures Corp. (“Tracker” or the “Company”) (CNSX:TKR)(OTC PINK:TLOOF)(FRA:B2I), an analytics software company listed on the Canadian Stock Exchange, is pleased to announce that it has entered into an arm’s length non-binding letter of intent (the “LOI”) to acquire a majority interest in Contakt LLC (“Contakt World”), a technology company modernizing the contact tracing process through next-gen data integrations, strategic health partnerships and respect for user privacy to empower and build mutual trust within communities (the “Acquisition”). The Acquisition is expected to close on or before December 31, 2020, subject to customary closing conditions.

Contakt World’s unique platform acts as a “sole source” provider of digital contact tracing and ethical health surveillance for government agencies, institutions, enterprises, and small businesses. It meets and exceeds

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Tracker Ventures Corp. Announces LOI to Acquire Majority Stake in Contakt World, an Emerging Digital Contact Tracing Company – Press Release

Letter of Intent Designed to Strengthen its Technology and Resources through proposed 80.5% Acquisition of Contakt World

VANCOUVER, BC / ACCESSWIRE / October 6, 2020 / Tracker Ventures Corp. (“Tracker” or the “Company“) (CNSX:TKR)(OTC PINK:TLOOF)(FRA:B2I), an analytics software company listed on the Canadian Stock Exchange, is pleased to announce that it has entered into an arm’s length non-binding letter of intent (the “LOI“) to acquire a majority interest in Contakt LLC (“Contakt World“), a technology company modernizing the contact tracing process through next-gen data integrations, strategic health partnerships and respect for user privacy to empower and build mutual trust within communities (the “Acquisition“). The Acquisition is expected to close on or before December 31, 2020, subject to customary closing conditions.

Contakt World’s unique platform acts as a “sole source” provider of digital contact tracing and ethical health surveillance for government

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Nintex to acquire K2 Software, bolstering process automation offering

Nintex CEO Eric Johnson. (Nintex Photo)

Bellevue, Wash.-based workflow automation company Nintex will acquire fellow Seattle-area company K2 Software.

Both companies sell process automation software. Founded in 2000, K2 counts 30% of the Fortune 100 as customers and has 1.5 million users across 84 countries. The company raised more than $100 million in 2015 from private equity powerhouse Francisco Partners.

Nintex said it will have more than 10,000 customers and generate more than $200 million in revenue after the deal is closed. Investment firm Thoma Bravo purchased a majority stake in Nintex two years ago. It’s the third acquisition for Nintex since the Thoma Bravo deal. Nintex has 500 employees globally, and more than 100 in the Seattle region.

“We are excited to be bringing together leading innovators in the digital process automation software market,” Nintex CEO Eric Johnson said in a statement. “Upon closing, Nintex and K2 customers and

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Color Star Technology Enters into MOU to Acquire South Korean Artist Agency and Live Entertainment Company

NEW YORK, Sept. 23, 2020 /PRNewswire/ — Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the “Company”, “we” or “HHT”), a company engaged in the businesses of providing online and offline knowledge-paid services for music and entertainment industries globally, today announced that it, through its wholly owned subsidiary, Color China Entertainment Co., Ltd., entered into a memorandum of understanding (the “MOU”) on September 21, 2020 with FENT Co. Ltd. (“FENT”), a South Korean K-pop entertainment and artist agency service company, to acquire 100 percent equity interest in FENT (the “Proposed Transaction”).

FENT, also known as Fascino Entertainment, is a South Korean-based live entertainment company that engages in: i) talent development and management in the music, film and fashion industries; ii) live concerts and events; iii) music and video production, distribution, and licensing; iv) public relations, media outreach and brand management. FENT also sells cosmetics (e.g., lipsticks) and fashion products

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Compass Diversified to Acquire Performance Fit Innovator BOA Technology

The MarketWatch News Department was not involved in the creation of this content.

WESTPORT, Conn. and DENVER, Sep 22, 2020 (GLOBE NEWSWIRE via COMTEX) —
Further Expands CODI’s Best-In-Class Portfolio of Niche Market Leading Brands

CODI’s Resources and Deep Consumer Sector Expertise to Support Industry Pioneer’s Continued Product Innovation and Global Growth

Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, today announced that it has entered into a definitive agreement to acquire BOA Technology Inc. (“BOA”), creators of the award-winning BOA(R) Fit System, delivering superior fit and performance in the Outdoor, Athletic, Workwear and Medical Bracing markets worldwide, for a purchase price of $454 million (excluding working capital and certain other adjustments upon closing).

BOA was founded in 2001 with a revolutionary performance fit system that transformed how snowboarders “dialed in” their boots and offered a superior alternative to the traditional lace system.

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