KORE to acquire the IoT unit of Twilio for c. $12.5m.

KORE, a provider of Internet of Things systems, agreed to acquire the IoT unit of Twilio, the customer engagement platform that drives real-time, personalized experiences, for c. $12.5m. "IoT has immense potential to change the world. Whether it is ushering in the Fourth Industrial Revolution, supporting chronic disease management through remote patient monitoring, or optimizing agriculture and supporting sustainability, IoT has many powerful applications. Combining the digital prowess of Twilio’s IoT business and the comprehensive connectivity-solutions-analytics portfolio of KORE is a meaningful step toward proliferating IoT and making it more accessible and successful. KORE is thrilled to augment our best-in-class IoT CaaS offering with Twilio’s IoT talent and customer portfolio. This acquisition represents exactly the kind of investment we have said we are willing to make to become an exciting top-line growth company, and specifically, we will benefit from the world class digital experience and developer community Twilio has built for its IoT business," Romil Bahl, KORE President and CEO.