Crayon acquires cloud specialist rhipe

Crayon, an IT services and innovation company, announced its acquisition of rhipe, an Australia-based cloud and licensing specialist, to further Crayon’s global expansion strategy and services portfolio.

The acquisition comes through a Scheme of Arrangement, which has become effective after a due diligence and negotiation period, upon implementation of the Scheme, Crayon will acquire all rhipe shares.

The acquisition reinforces Crayon’s customer-centric commitment to provide innovation and cost optimization solutions to drive new growth opportunities.

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

rhipe is a channel-focused, leading wholesale provider of subscription-based cloud licenses, infrastructure, and services. It was formed in 2003 and serves more than 3,000 IT resellers. Implementation of the Scheme of Arrangement is expected to be complete on 3 November 2021.

The purchase includes all of rhipe’s 600 employees and its activities across Asia Pacific, as well as the recently acquired Azure services business Parallo, which joined rhipe in September 2020 and emt Distribution, the cyber security software company acquired in April 2021.