July 10 - 13:07
Twilio snaps up Electric Imp to bolster IoT capabilites
Twilio has acquired IoT startup Electric Imp in a bid to bolster its connected devices business. The financial terms of the agreement have not been disclosed, although Electric Imp has raised more than $40 million in funding to date. "This partnership brings together two critical aspects of IoT: reliable global connectivity and a mature application platform," said Hugo Fiennes, CEO, Electric Imp.
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