Devoli founders sell shares, can finally 'move on'

Auckland-based telco and network automation company Devoli celebrates 15 years in business this year. (Image: Supplied)

Tue, 07 Feb 2023

Telco and network automation provider Devoli has a new shareholder in Takutai Limited, as co-founders Barry Murphy and Davey Goode have finally offloaded their holdings in the company.Murphy and Goode exited the day-to-day of the company more than two years ago and from that time were looking for an exit at a fair price.They seem to have found a buyer in Takutai, which now holds just over 40% of Devoli.Goode was formerly the second-largest shareholder, with 22%, while Murphy held 13%.Their exit was protracted as negotiations with the Punakaiki...

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