Anson Funds has reportedly built a stake in Twilio

Twilio Inc (NYSE: TWLO) is in the green this morning after an activist investor was reported to have taken a stake in the provider of cloud communication platforms.

Anson Funds wants Twilio to find a buyer

Anson Funds wants the technology company to consider selling the entire business, as per “The Information”.

The alternative asset management company has put in about $50 million in Twilio Inc over the past two months. A spokesperson of the New York listed firm told CNBC on Tuesday:

The news arrives only weeks after Twilio reported solid results for its third financial quarter and issued upbeat guidance for the future. Its shares have rallied more than 25% over the past thirty days.

Anson Funds met with Twilio Inc’s board

In February, Twilio Inc acted on input from shareholders and reorganized into two segments: Data & Applications and Communications.

But Anson Funds now wants it to divest the data and applications unit (at least) if it fails to find a strategic buyer for the entire business.

The hedge fund built a position in Twilio after onboarding Sagar Gupta who has previously served at Legion Partners that also recently pushed the California-based company for board changes and divestitures as Invezz reported here.

Gupta has had nine meetings in total with its board since last year. Wall Street current has a consensus “overweight” rating on $TWLO.