A Maui software company that raised $5 million selling stock to the public in May has bought a management and technology consulting firm in Texas for $9.25 million.

The deal, in which Kahului-based Code Rebel Corp. acquired Houston-based ThinOps Resources LLC, was completed Friday, giving the Maui firm control of a company that had roughly 10 times more revenue last year.

ThinOps generated more than $2 million in revenue last year, compared with $223,453 for Code Rebel.

Code Rebel said ThinOps will be an independently operated subsidiary.

The Maui company funded its acquisition largely using the value of its own stock, which has fallen steeply after a sharp initial rise.

Code Rebel’s purchase was made by issuing 667,511 shares of its stock and $750,000 to the sole owner of ThinOps, Thomas M. Moreno, who will serve as ThinOps president with an annual base salary of $240,000.

The Code Rebel shares for the purchase were valued at $8.5 million based on a $12.73 average price over 10 days prior to the deal closing.

Code Rebel was founded in 2007 and produces software connecting PC and Mac computer systems. The firm became a publicly traded company by selling 1 million shares of stock for $5 apiece in May and raising $5 million.

Shares of Code Rebel stock jumped to $15.85 on their first day of public trading on May 19, and peaked at $38.80 on June 11. Since then, however, the stock has tumbled. On Wednesday, a day after a tentative deal with ThinOps was announced, shares closed at $11.05 from Tuesday’s $11.84 price. On Friday, Code Rebel stock closed at $6.94.