Oslo, 3 November 2021 at 08:00 CEST: Crayon, a leader in IT services and
innovation, today announced it has now completed its acquisition of cloud and
licensing specialist Rhipe Limited ("rhipe"). 
 
The acquisition of the Australia-based company is part of Crayon's global
expansion strategy and happened via a Scheme of Arrangement. The Supreme Court
of New South Wales approved the acquisition and trading of rhipe shares have
been suspended.  
 
"This strategic acquisition is very synergistic as it combines both of our
business models empowering us to help customers and partners solve their
business needs with more solutions and services," Crayon CEO Melissa Mulholland.
"I am thrilled to welcome rhipe to the Crayon family." 

Crayon provided the following update in relation to the Scheme:
- The Scheme Consideration of AUD 2.37 (after deduction from the offered AUD
2.50 of agreed AUD 0.13 per share Special Dividend, as agreed with Rhipe) in
cash for each Rhipe share has today been paid out to each Rhipe shareholder who
held shares as at 7:00pm (Sydney time) on Wednesday, 27 October 2021,
representing a total consideration paid by Crayon for Rhipe of AUD
386,988,068.85.   
- Crayon's indirect wholly owned subsidiary Crayon Software Experts Australia
Pty Limited now owns all of the shares on issue in Rhipe. 
- As of today, Melissa Mulholland, Jon Birger Syvertsen and Mark McLellan have
been appointed as the new board of directors of Rhipe.
- Rhipe has applied to the ASX to have quotation of its shares terminated and
for Rhipe to be removed from the official list of the ASX with effect from close
of trading on Thursday 4 November 2021.  
Rhipe is a channel-focused, leading wholesale provider of subscription-based
cloud licenses, infrastructure, and services. It was established in 2003 and
serves more than 3,000 IT resellers. 
 
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.  

Crayon has been steadily growing in Australia. It opened its first offices in
August 2019, and last year purchased Oracle specialist Navicle and Winc's
software licensing operations. 
  
 
For further information, please contact:  
 
Jon Birger Syvertsen  
Chief Financial Officer,  
Crayon Group Holding ASA  
Tel.: +47 97 19 92 51  
Email: Jon.Birger.Syvertsen@crayon.com 
 
 
About Crayon: 
Crayon is a customer-centric innovation and IT services company. We provide
guidance on the best solutions for our clients' business needs and budget with
software, cloud, AI and big data. Headquartered in Oslo, Norway, Crayon has over
2,500 employees across more than 35 countries worldwide. 
 
For more information, visit our website at http://www.crayon.com/

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© Oslo Bors ASA, source Oslo Stock Exchange