Twilio Inc (NYSE:TWLO) stock was on the rise today following some clarification over a new service from Amazon.com, Inc. (NASDAQ:AMZN).

Amazon released a statement on Tuesday concerning Amazon Pinpoint. This is a two-way messaging service that was launched last week, but didn’t get a major announcement. The new service was seen as a rival for Twilio Inc and TWLO stock dropped on Tuesday.

While the initial reaction to Amazon Pinpoint wasn’t good for TWLO stock, this same service is likely what’s sending the stock up today. Twilio Inc CEO Jeff Lawson released a statement after the stock market closed on Tuesday about the service, reports Schaeffers Research.

“Excited that @twilio is now helping to power engagement on @AWS Pinpoint, with their launch of 2-way SMS!” Lawson said in a Tweet.

News that the new Amazon Pinpoint service is actually something that Twilio Inc helped with has eased investors concerns. The drop that TWLO stock experienced yesterday saw it decline by roughly 7% when the markets closed. However, the stock is now up 5% as of noon Wednesday and has mostly recovered from the dip.

Twilio Inc is a company that develops software for the cloud. It’s main focus is developing communication software. This includes allowing businesses to set up real-time communication inside  software with its own offerings. The company was founded 10 years ago by Lawson, current CTO Evan Cooke and John Wolthuis.

AMZN stock was up slightly as of noon Wednesday and is up 26% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.