Rhipe acquires nSynergy for $25.35 million
- 28 November, 2014 11:30
Newlease CEO, Dominic O'Hanlon
Rhipe, formerly known as Newlease, announced at its AGM that it is acquiring nSynergy, a Microsoft Cloud based services provider for $25.35 million.
nSynergy is a Microsoft-centric Cloud business focusing on Office365 implementations. It has offices in Melbourne, Sydney, Shanghai, New York and London, and has 40 staff. It provides consulting and solutions services both locally and globally.
All existing nSynergy staff will be joining Rhipe, with no staff cuts. Rhipe CEO, Dominic O'Hanlon told ARN it will become the new Cloud Solutions Division of Rhipe, with a rebranding to follow at a later date.
He says the acquisition allows the company to provide a complete package of Cloud solutions, including licensing, service, 24/7 support, IP, marketing and lead generation. He boasts growth rates of between 40 and 45 per cent 'over the past few years', and that the acquisition will be a fundamental change to how the company operates, internally and externally.The nSynergy $25.35 million buy price also includes an $8 million contingent earn out over 24 months.Rhipe also announced that it has acquired a 12.5 per cent stake in nSynergy's sister company, LiveTiles, for $2.5 million. Livetiles provides a unified global Cloud interface for Sharepoint, Azure and Windows 8.