ConsenSys Chief Strategy Officer Simon Morris said Tuesday the Ethereum-focused firm has acquired the team and technology behind Truffle.
The acquisition represents a reunion of sorts. Truffle originated within ConsenSys in 2015 but spun out in 2019 to amass $3 million in an equity sale. Terms of the ConsenSys reintegration were not disclosed.
"As the most popular Ethereum development framework, it is a natural fit for Truffle to be part of the ConsenSys product stack," Truffle founder Tim Coulter said in a statement.
Notably, ConsenSys said the Truffle deal concludes the firm's strategic restructuring that kicked off in February and led to a 14% reduction in headcount.
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