Melbourne-based tech consulting firm Transpire has been acquired by a New York-listed Brazilian operator, which has plans to expand in Australia.
Following the completion of the CI“As a founder you only get one shot to sell the business you spend years building. It was only through candid and probing conversations with CIT that we felt strong alignment on the multiplying effect we could have by being part of their global team,” Mr Smorgon said.
“Building a business from the age of 22 has been an incredibly challenging and rewarding experience, and one that has helped prepare me well for the new challenges of managing the private investments of our family office full-time.
Mr Guest said there were challenges in running a company with ambitious growth aspirations, while being one of only two owners, and the buyout would enable the company to follow through on plans to operate globally. “The challenge of running your own business that you grow organically without outside investment is that it’s ultimately secured by your home. Even with a big vision, this can slow you down,” he said.“For the last two years, in every coffee I’ve had with new starters, and in every whole company update, I’ve shared our North Star vision and plan to take Transpire to the world. Joining the CITranspire had booked revenue of $15.
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