KORE Group Holdings, a specialist in IoT Solutions and worldwide IoT Connectivity-as-a-Service ("IoT CaaS"), has agreed to acquire Twilio's IoT business unit as part of a growth strategy to provide customers with a unified, seamless approach to launching IoT solutions as the world's leading pure-play IoT provider.

As consideration for the acquisition, Twilio, the customer engagement platform that drives real-time, personalised experiences for today's leading brands, will receive...