Coindesk Logo

ConsenSys Acquires Blockchain Developer Toolmaker Truffle Suite

ConsenSys Acquires Blockchain Developer Toolmaker Truffle Suite

ConsenSys Acquires Blockchain Developer Toolmaker Truffle Suite

ConsenSys is adding dapp development platform Truffle Suite back to its lineup of wholly owned Ethereum tools.

ConsenSys is adding dapp development platform Truffle Suite back to its lineup of wholly owned Ethereum tools.

ConsenSys is adding dapp development platform Truffle Suite back to its lineup of wholly owned Ethereum tools.

AccessTimeIconNov 17, 2020, 8:45 PM
Updated May 15, 2023, 1:35 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

ConsenSys is adding dapp development platform Truffle Suite back to its lineup of Ethereum tools.

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.

Truffle's dev tooling now rounds out ConsenSys' portfolio of wholly owned tech products: DeFi-focused Codefi, audit provider Diligence, Ethereum wallet extension MetaMask, node farm Infura and enterprise-focused Quorum.

The Brooklyn, N.Y.-based conglomerate also maintains a venture arm called ConsenSys Labs.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.