Rhipe has acquired 100 percent of security distie EMT Distribution for $11 million upfront for the Australia and Asia based operations, with a further payment of up to $2 million based on financial performance after 24 months.
Completion of the acquisition of EMT’s Middle East based operations is expected at the start of next financial year with terms to be disclosed post-audit.
Rhipe chief executive Dominic O’Hanlon said, “EMT Distribution has an incredible track record in delivering software security products and solutions via their distribution channels. By combining EMT’s expertise in security solutions with Rhipe’s reach, we will be able to offer Rhipe partners across APAC effective solutions to protect against growing threats around cybersecurity.
Rhipe buys emt Distribution for $11M
Rhipe buys emt Distribution for $11M
Covers Australia and Asia operations.
Dominic O Hanlon Credit: Rhipe
Australian distributor Rhipe has hedged its bets on the cyber security market with the acquisition of emt Distribution.
As part of the deal, Rhipe will pay A$11 million cash upfront for the security’s specialist’s Australian and Asian businesses, with its Middle East business also included in the line-up.
Once completed, emt’s CEO Richard Rundle will join Rhipe to oversee the new division, alongside the expansion of the distributor s security offering to its existing SMB-focused customers.
“As we enter our next stage of growth, we are thrilled to be joining the Rhipe family to collectively execute on the opportunities ahead,” Rundle said. “I could not be prouder of our team’s success to date and believe this is a significant opportunity to align with a distributor of Rhipe’s calibre, to gre