Crayon to acquire Australia-based Cloud and Licensing Specialist Rhipe for NOK 2.6 billion

Crayon, a leader in IT services and innovation, has announced a binding proposal for an acquisition of Rhipe Limited, a publicly traded, Australia-based cloud and licensing specialist. IT Leader Crayon proposed the acquisition through a Scheme of Arrangement. It is still subject to shareholder and regulatory approval. The proposed acquisition values at about NOK 2.6 billion, the company said in a statement. Further, the directors of Rhipe have unanimously recommended that Rhipe shareholders vote in favour of the proposal.

“This acquisition is part of our global expansion strategy. It helps to accelerate our business, especially in the Asia Pacific region,” said Crayon CEO Melissa Mulholland. “Crayon and Rhipe’s go-to-market models are completely aligned; particularly when it comes to the channel business. Through our synergies, we will be able to drive business value from Day 1 of this acquisition,” she further added.

Crayon has also been steadily growing in Australia. It opened its first offices in August 2019. Last year purchased Oracle specialist Navicle and Winc’s software licensing operations.

“ offers us the opportunity to continue to help our customers and partners optimize and innovate across APAC,” said Crayon Senior Vice President in APAC Rhonda Robati. “This opportunity will bolster our core offering and strengthen our ability to help businesses with their digital transformation.”

About Rhipe Ltd

Rhipe is a leading wholesale provider of subscription-based cloud licenses, infrastructure, and services in the APAC region. The almost-decade old company has about 500 employees and serves more than 3,000 IT resellers.

“Rhipe’s partners and customers will benefit from the broader global service capability from a combined Crayon and Rhipe,” Rhipe chairman Gary Cox said in a statement. “In addition, Crayon’s offer is positive news for Rhipe’s staff, as we believe there will be increased opportunities to develop new technologies and products and grow their careers.”