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.
Talk to the deal team
Related deals
Niscon Inc. has been acquired by SGPS ShowRig
Niscon Inc. has been successfully acquired by SGPS ShowRig, a global provider of staging, rigging and automation for live entertainment. The acquisition reinforces SGPS Showrig’s commitment to pushing the boundaries of innovation in the entertainment industry. By adding Niscon’s unique motion-control technology to its portfolio, SGPS Showrig strengthens its ability to deliver cutting-edge, precision-driven solutions.
Learn moreFairfest Media has acquired WTE Miami
Fairfest Media, organizer of OTM, the leading travel show in Asia, has acquired WTE Miami, the fastest-growing travel trade show in the USA. The acquisition marks a significant milestone in Fairfest’s global expansion, strengthening its presence in the Americas and beyond by leveraging decades of experience and leadership in Asia and India.
Learn moreMo has been acquired by UKG
UKG Inc., an American HR technology company, has acquired Mo, a UK-based employee engagement platform previously owned by Calculus Capital. The acquisition forms part of UKG’s strategy to expand its employee engagement and recognition capabilities, with Mo’s technology now embedded within UKG Beacon, an AI-powered platform that integrates recognition with workforce analytics to help businesses improve employee engagement and retention.
Learn more