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.
Jon Prideaux
CEO, Boku Inc.
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