Twilio Acquires Electric Imp – Merging Cloud Services with IoT Platforms

Recently,  Twilio announced the acquisition of privately held Electric Imp .   Electric Imp had raised over $40 million in funding and is a provider of hardware and software solutions for managing fleets of connected devices.   Twilio came to prominence as a provider of communications APIs for Software as a Service apps, powering applications such as Uber and Lyft.   Last year, Twilio posted over 60% revenue growth and this year the company is forecast to generate over $1.6 billion in revenues.