The Origo Board of Directors yesterday signed an agreement with HPE Growth Partners on an exclusive negotiation with the objective selling 30% of Tempo (subsidiary of Origo) to the investment fund. The valuation will be $62.5m

This marks the end of a long sale cycle for Tempo, which we wrote about back in 2016. Whether or not the sale comes with additional capital to support the growth of Tempo remains to be seen.

More details in the press release.