Miles Software has been acquired by EBIX, Inc
Mumbai – CFI India is pleased to announce it acted as the exclusive corporate finance advisor to Miles Software Solution’s Pvt. Ltd (Miles Software) on its sale to EBIX, Inc. (Ebix).
Ebix (NASDAQ: EBIX, www.ebix.com), a leading international supplier of On-Demand
software and E-commerce services to the insurance, financial, healthcare and e-learning industries. It has 50+ offices across 5 continents and a market capitalization of approximately $2.6 Billion.
Miles Software Solution’s Pvt. Ltd., is India’s and Mauritius’s leading wealth and asset management on-demand software provider to banks, asset managers and wealth management firms, besides having 300+ financial service customers across 18 different countries in Europe, Middle East and South-East Asia. The Company is currently also working on developing a B2B Wealth Exchange between wealth managers, distributors and originators using block chain technology.
The transaction closed on 4 September 2018.
Related
Software & IT Services
has been acquired by
Transaction details
EBIX acquires Miles - A leading global provider of asset & wealth management software
This transaction was advised by:
Our latest transactions
Industrials
has received a strategic investment from
Transaction details
Inbras, Latin American leader in magnetic separation, metal detection, and recycling equipment, has received a strategic investment from Brazilian industrial group TMSA
Consumer Goods & Retail
has been acquired by
a portfolio company of
Transaction details
Garden product producer Martins Fertilizers has been acquired by SOILCO, a leading organics recycling company in Australia’s dynamic resource recovery sector
Healthcare & Life Sciences
has been acquired by
Transaction details
Polish dietary supplement company MyBestPharm has been acquired by the French Urgo Group
