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M&A Deal Summary

Ebix Acquires Miles Software Solutions Pvt.

On September 4, 2018, Ebix acquired software company Miles Software Solutions Pvt. from Lighthouse for 19M USD

Acquisition Highlights
  • This is Ebix’s 5th transaction in the Software sector.
  • This is Ebix’s 10th largest (disclosed) transaction.
  • This is Ebix’s 9th transaction in India.

M&A Deal Summary
Date 2018-09-04
Target Miles Software Solutions Pvt.
Sector Software
Buyer(s) Ebix
Sellers(s) Lighthouse
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

Miles Software Solutions Pvt.

Mumbai, India
Miles Software Solutions Pvt. Ltd. is a software provider to the financial services industry in India with solutions for brokerage, PMS, wealth management and treasury functions. Miles’ flagship product, Moneyware Integra, is used by majority of the domestic and global financial institutions. Miles also offers products for high net worth individuals. Miles Software Solutions Pvt. Ltd. was founded in 1999 and is based in Mumbai, India.

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Buyer(S) 1

Buyer

Ebix

Johns Creek, Georgia, United States
Category Company
Founded 1976
Sector Internet Software and Services
Employees10,030
Revenue 1.1B USD (2022)
DESCRIPTION
Entrance to Ebix's headquarters in Johns Creek, Georgia.
Entrance to Ebix's headquarters in Johns Creek, Georgia.

Ebix is a provider of software and e-commerce solutions to the insurance industry. Ebix was incorporated in 1976 and is based in Johns Creek, Georgia.

DEAL STATS #
Overall 28 of 32
Sector: Software M&A 5 of 5
Type: Add-on Acquisition M&A Deals 22 of 26
Country: India M&A 9 of 13
Year: 2018 M&A 5 of 6
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Indus Software Technologies Pvt.

Pune, India

Indus Software Technologies Pvt. Ltd. is an enterprise software product development and services company. Indus provides a whole range of Enterprise IT services such as Application Development, Maintenance and Support globally. Indus Software Technologies Pvt. Ltd. was founded in 1989 and is based in Pune, India.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Routier

Noida, India

Routier is a provider of an online cloud based logistics marketplace for trucking logistics. Routier is based in Noida, India.

Buy -

Seller(S) 1

SELLER

Lighthouse

Mumbai, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 235M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lighthouse Advisors is a private equity group focused on investing in middle-market growth companies in the US and India. Lighthouse will consider profitable businesses in a broad range of industries, looking to commit $5 to $20 million of equity per investment. The Firm targets situations where existing management is looking to grow or there is a long-term sustainable advantage in place. Lighthouse was formed in 2006 and is based in Mumbai.

DEAL STATS #
Overall 5 of 6
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: India M&A 5 of 6
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Tynor Orthotics

Mohali, India

Tynor Orthotics is a manufacturer and exporter of orthopedic and fracture aids. Tynor Orthotics was founded in 1993 and is based in Mohali, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Duroflex

Bengaluru, India

Duroflex is a sleep solutions expert for mattresses, pillows, latex mattresses and protectors to suit customers requirement. Duroflex is based in Bengaluru, India.

Buy -
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