Go to deals
TMT

Boku Inc. has divested Boku Identity to Twilio Inc.

Boku Inc, a leading mobile payment solutions provider and one of AIM’s largest technology companies, has sold its Boku Identity division, a wholly owned subsidiary, to Twilio Inc.

Boku Identity provides mobile identity and authentication solutions driven by real-time connections to mobile network operators. It is a wholly owned subsidiary of Boku Inc, a leading mobile payment solutions provider and one of AIM’s largest technology companies.

Founded in 2008, Twilio is a leading US-based cloud communications platform. Twilio is a customer engagement platform used by hundreds of thousands of businesses and more than ten million developers worldwide to build unique, personalized experiences for their customers. The acquisition of Boku will provide Twilio with an exceptional platform to its investment into the fast-growing mobile identity and authentication sector.

The divestment allows Boku to become a pure-play payments business, focusing its resources on exploiting the mobile payments opportunity, particularly to continue expanding its mobile first (M1ST) payments network.

Oaklins Cavendish, based in the UK, acted as sell-side advisor on the sale of Boku’s Identity division, a wholly-owned subsidiary of Boku Inc.

Service
M&A sell-side
Parties
“This is an important milestone for our business, allowing us to focus on developing our mobile payments solutions. We believe Boku Identity will be able to continue to develop under Twilio’s ownership, and we wish the business and its staff well for the future. We were impressed with the resilience and creativity of the team at Oaklins Cavendish and are grateful to them for advising on the deal.”

Jon Prideaux

CEO, Boku Inc.

Talk to the deal team

 Anthony  Platt

Anthony Platt

Partner
London, United Kingdom
Oaklins Cavendish
 Soben  Durai

Soben Durai

Associate
London, United Kingdom
Oaklins Cavendish

Related deals

Tet has acquired Telia Latvija from Telia Company
TMT

Tet has acquired Telia Latvija from Telia Company

Tet, the leading technology and entertainment operator in Latvia, has acquired Telia Latvija – a B2B telecom services provider – from Telia Company in a competitive auction process. The sale price corresponds to an enterprise value of US$11.5 million on a cash and debt free basis, representing a FY 2021 EV/EBITDA multiple of 10.0x.

Learn more
Skelia SARL has been sold to Nortal AS
Business Support Services | TMT

Skelia SARL has been sold to Nortal AS

Skelia SARL has been acquired by Nortal AS. Following the acquisition, Skelia’s strong presence in Ukraine and Poland will provide Nortal with a solid platform for growth. Together, the parties will be able to expand their business across geographies and time zones, sharpening their customer offering and creating additional opportunities for their global employee pool.

Learn more
Critical Mention has been acquired by Onclusive
Private Equity | TMT

Critical Mention has been acquired by Onclusive

Critical Mention, a leader in media monitoring, will become part of Onclusive, a newly formed global partner for PR and communications success. The move combines Critical Mention’s media monitoring and media contact database tools with Onclusive’s suite of market-leading global media monitoring, measurement and management solutions.

Learn more