SMS Management and Technology shareholders have almost unanimously voted in favour of the proposed $124 million acquisition from Japan's Nomura Research Institute-owned ASG Group.
ASG co-founder and chief executive Geoffrey Lewis told AFR Weekend the combined entity would become a "tier one player", which would rival companies like IBM in competing for major deals.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com