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DigitalOcean, the cloud for developing modern apps, today announced that it has appointed Yancey Spruill as its new Chief Executive Officer. Spruill replaces Mark Templeton, who announced his decision in May 2019 to step down due to personal reasons and has been working closely with the company’s board to identify a successor. DigitalOcean also appointed Bill Sorenson as its new Chief Financial Officer, who will help scale the company’s global finance organization.
Twilio Inc. (NYSE: TWLO ) shares traded lower by 7 percent Wednesday after the company reported a mixed fourth quarter. Twilio’s Q4 revenue growth of 77 percent exceeded consensus analyst expectations, ...
Shares were down 5.4% to $109.03 in after-hours trading as of 5:50 p.m. ET following Twilio's earnings release earlier in the afternoon. Overall, COO George Hu said he felt the results were "extraordinarily strong," but the stock's reaction Tuesday evening stands in sharp contrast to the more than 30% gain Twilio saw after-hours when it last reported earnings in November. Uber once represented almost 20% of Twilio's revenue, but Tuesday's earnings didn't break out any specific customer's sales due to increased diversification.
Twilio’s $2 billion acquisition of Colorado-born SendGrid, the tech company that sends mass emails for some of the largest companies in the world, closed Friday morning and the deal ended up being $1 billion more valuable. SendGrid (NYSE: SEND) is now off the stock exchange and is a full subsidiary of San Francisco-based Twilio (NYSE: TWLO), a communications platform that specializes in text messaging and voice. When the acquisition was announced in October, it was valued at $2 billion.
Twilio's bid to become the go-to platform for all of a business's external communication needs took a big step ahead today. The company said that it has closed its acquisition of email specialist SendGrid. First announced four months ago, Twilio today said the all-stock deal is valued at $3 billion -- up from a $2 billion price tag when it was initially announced.
BOULDER, Colo., Jan. 16, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, today announced the launch of Techstars Studio, a new offering that will empower members of the Techstars worldwide network to rapidly envision, validate, and launch disruptive startups. "In 2007, Techstars forever changed the way entrepreneurs build companies by introducing the mentorship-driven accelerator model," said David Cohen, founder and co-CEO of Techstars.
Tech companies flocked to Denver in 2018, promising hundreds of jobs and an opportunity to make the Mile High City a top town for technology. “When it comes to the economy, this is clearly a question of when and how much, and not if,” said Brian Egan, co-founder and CEO of Evolve Vacation Rental Network. In fact, 69 percent of tech leaders in Denver say their hiring plans remain robust, according to a recent survey by Robert Half.
NEW YORK, NY / ACCESSWIRE / December 31, 2018 / JuanMonteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
WILMINGTON, Del., Dec. 26, 2018 -- Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (the “Board”) of SendGrid, Inc. (“SendGrid” or the “Company”) (NYSE: SEND) related to the Company’s entry into an agreement to merge with Twilio Inc. (“Twilio”) (NYSE: TWLO) in a transaction announced on October 15, 2018 (the “Proposed Transaction”). On October 15, 2018, the Board caused SendGrid to enter into an agreement and plan of merger (the “Merger Agreement”) with Twilio. Pursuant to the terms of the Merger Agreement, shareholders of SendGrid will receive 0.485 shares of Twilio Class A common stock for each share of SendGrid common stock.
NEW YORK , Dec. 17, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren’t usually symmetrically distributed and index […]
Bessemer first invested in Twilio in 2009 and is still reaping the rewards thanks to the stock's surge this year. Twilio agreed to acquire SendGrid, another Bessemer-backed company, in October. The CEOs of Twilio and SendGrid started hashing out the deal at a Bessemer dinner in May.
SendGrid CEO Sameer Dholakia talks about his vision for the company and how Denver can continue its trajectory as a top tech city.
SendGrid, Inc. (SEND), a leading digital communication platform that drives engagement and growth, is the first email service provider (ESP) to announce its Inbox Protection Rate publicly in an effort to increase cybersecurity and privacy transparency and to elevate the cause of inbox protection. SendGrid’s Inbox Protection Rate measures the success of its compliance efforts to prevent malicious email from reaching SendGrid’s approximately 2 billion email recipients. As of December 12, 2018, SendGrid achieved a 99.97% legitimate email rate across all of its outbound mail flow.
NEW YORK, Dec. 03, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of SendGrid, Inc., WildHorse.
The last redoubt of the bull market, the cloud service stocks, was taken Nov. 19 as Twilio (NASDAQ:TWLO) fell 15% despite an absence of news. Twilio stock has been on fire in 2018, and even with the hard fall of $12.27 in intraday trading, and another $1.72 drop overnight, it was still due to open nearly three times higher than the $25.78 price it fetched at the start of the year. The rout of Twilio stock on Nov. 19 was joined by other cloud stocks and the First Trust Cloud Computing ETF (NYSEARCA:SKYY), which fell 3.53%.
NEW YORK , Nov. 20, 2018 /PRNewswire/ -- Acadia Healthcare Company, Inc. (ACHC) Lifshitz & Miller announces investigation into possible securities laws violations in connection with allegations that the ...
NEW YORK, Nov. 20, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of SendGrid, Inc. to Twilio Inc.
Of the nine Colorado companies on the list, five are software companies and two are in biotech or pharmaceuticals.
NEW YORK, Nov. 12, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of L3 Technologies, Inc.,.