Canadian multinational buys former All Black's software company

Steve Surrige founded Forbury in 2004 after retiring from rugby union. (Image: Wikimedia/RebeccaForbury)

Fri, 10 Nov 2023

New Zealand property valuation software company Forbury will be acquired by Canadian headquartered Altus Group in December this year.Although the value of the acquisition was not disclosed, a spokesperson for the company said that the deal was not material to Altus’ financial results.Forbury currently has 34 staff. Steve Surridge, who founded Forbury 20 years ago, said the acquisition will accelerate Forbury’s growth.Its valuation tools, he said, would be a strong complement to Altus' Australia-Pacific (APAC) focused offers...

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