Foxconn has exited the internet connectivity technology producer in an acquisition of undisclosed size by enterprise software supplier Twilio.
Cloud communication software provider Twilio has bought Electric Imp, a US-based internet connectivity technology producer backed by contract manufacturer Foxconn, for an undisclosed amount.
Founded in 2011, Electric Imp is the creator of ImpModule, a component that helps deliver processing power to electronic devices and allows them to access the internet.
Twilio will leverage the company’s technology to improve its internet-of-things capabilities, and a jointly developed chip dubbed Imp006 has been announced alongside the transaction.
Electric Imp had raised $44m…
