Transpire, a Melbourne-based technology consulting firm co-founded by steel industry scion Luke Smorgon, has been bought out by $US1.9 billion valued New York Stock Exchange-listed company CI&T in a deal worth $US16.4 million ($23.4 million).
Under the deal, which was officially signed on Wednesday morning Australian time, the Brazil-based company will take on 90 staff across Melbourne, Sydney and Brisbane. Transpire co-founder and chief executive Josh Guest will remain with the company following the expected completion of the transaction later this year.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
