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Friday, 15 October 2021 13:08

rhipe acquired by Crayon

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Another Australian tech company has fallen into overseas hands with the acquisition of cloud and licensing specialist rhipe by Norway-based services company Crayon.

"We are incredibly excited to welcome rhipe to the Crayon family as part of our global expansion strategy," said Crayon CEO Melissa Mulholland.

"rhipe is a leading distributor of cloud solutions and services in the Asia Pacific region and through our combined business models, we will help more customers and partners solve their business needs with a greater portfolio of solutions."

The purchase includes rhipe's recently acquired Azure services business Parallo and cybersecurity software company emt Distribution.

All of rhipe's 600 employees are covered by the deal.

"The shareholders of rhipe and the rhipe board have both overwhelmingly concluded the Scheme represents an attractive outcome for our shareholders, partners, customers, and staff," said rhipe chairman Gary Cox.

"rhipe's partners and customers will benefit from the broader global service capability from a combined Crayon and rhipe. In addition, Crayon's offer is positive news for rhipe's staff, as we believe there will be increased career opportunities in a larger and more diverse, combined company."

Terms of the transaction were not disclosed.

Last year, Crayon purchased Oracle specialist Navicle, and Winc's software licensing operations.


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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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