Rhipe likely to be privatised on 3 November. Norwegian software asset management and cloud optimisation company Crayon has completed its A$408 million acquisition of Australia-founded distributor Rhipe following a positive shareholder vote. As a result, Rhipe is likely to delist from the Australian Securities Exchange (ASX) on 3 November with trading in the distributor’s shares to end 14 October. The deal will see Rhipe’s business across Asia Pacific, as well as its Azure services business Parallo, which it acquired in September 2020, and cyber security company Emt Distribution, its most recent addition, fall into the Crayon fold. According to Rhipe, this includes 600 employees based throughout Asia Pacific, who will join Crayon’s 2000-strong workforce. "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." Melissa Mulholland, CEO of Crayon, added that the deal “will help more customers and partners solve their business needs with a greater portfolio of solutions” Related content news Regional NSW AI preparation lacking Deficits in infrastructure and education need to be addressed. By Sasha Karen 26 Apr 2024 4 mins Innovation Emerging Technology news IBM to acquire HashiCorp for US$6.4B in hybrid cloud, AI play Close to half of HashiCorp’s voting power, at 43 per cent, has entered into an agreement to approve the deal. By Sasha Karen 26 Apr 2024 2 mins Mergers and Acquisitions Cloud Computing Vendors and Providers news Digital hub reopens in Cremorne The hub previously operated in a “very limited capacity” and could not roll out program and hold industry events prior to the refurbishment. By Sasha Karen 24 Apr 2024 2 mins Business Operations Emerging Technology Industry news HP brings AI PCs to Australia Includes extra processing power for AI workloads. By Sasha Karen 24 Apr 2024 2 mins Emerging Technology Vendors and Providers SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe