CI&T Completes the Acquisition of Transpire
CI&T, a global digital specialist, announces , as a complement to the market announcement of August 16, 2022, the completion of the acquisition of Transpire Technology Pty Ltd (“Transpire”), an award-winning digital product agency based in Australia.
The purchase price for the acquisition was AUD 23.4 million (USD 16.4 million), which is subject to customary adjustments, such as changes in working capital and net debt position.
Read More: Opkey Secures $8 Million Funding Round Led By Vertica Capital Partners
With this acquisition, CI&T will accelerate its growth in Australia and the APAC region. Transpire adds around 100 digital specialists with a solid design-led, mobile-first and cloud-native approach. Headquartered in Melbourne, Transpire has been the trusted technology partner of some of Australia’s most innovative organizations, including Vodafone, Virgin Australia and ASX200 listed companies. Transpire recorded AUD 15.5 million (USD 10.9 million) in net revenue in its fiscal year ended in June 2022.
Read More: Truecaller For Business Launches New And Enhanced Capabilities For Enterprise Customers
CI&T is a global digital specialist, a partner in digital transformation for 100+ large enterprises and fast growth clients. As digital natives, CI&T brings a 27-year track record of accelerating business impact through complete and scalable digital solutions. With a global presence in nine countries with a nearshore delivery model, CI&T provides strategy, data science, design, and engineering, unlocking top-line growth, improving customer experience and driving operational efficiency. Recognized by Forrester as a Leader in Modern Application Development Services, CI&T is the Employer of Choice for more than 6,700 professionals.
