Rhipe agrees to A$408M acquisition by Crayon - ARN

Not quite a Unicorn - Rhipe started in our BSI offices with Doug Tutus - when he had an idea to rent software to Corporates - and set up a business called New Lease.

The business grew and in 2014 , Doug Tutus went overseas to raise money for an imminent listing on the ASX.

On this trip - he passed away suddenly 

The company listed under RHIPE - and grew from strength to strength

Rhipe has just been sold for $408m to Crayon 

What a story !! And what a legacy he has left for his family and those who were on his journey!

6 July 2021 — Publicly listed specialist services and Microsoft licensing distributor Rhipe has accepted Crayon's takeover proposal at A$2.50 per share, ...