Twilio Expands Its Ecosystem With a $3.2 Billion Acquisition
Twilio (NYSE: TWLO) stock recently rose after the cloud platform provider agreed to buy Segment, a customer data platform, for $3.2 billion in stock. Twilio expects the acquisition, which should close in the fourth quarter, to expand its total addressable market from $62 billion to $79 billion.
Let's take a look at how Segment complements Twilio's business, how it widens its moat, and how Twilio could tap into the secular growth of silo-busting software companies across the enterprise market.
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Source Fool.com
