Ebix, through one of its Indian subsidiaries, has signed an agreement to acquire Mumbai-based Miles Software for about $19 million while Persistent Systems has fully acquired US-based healthtech startup Herald Technologies Inc. for $5.2 million.
Ebix acquires Miles Software for $19m
Nasdaq-listed Ebix, Inc on Tuesday announced that one of its Indian subsidiaries has signed the agreement to acquire Mumbai-based Miles Software for about $19 million, with an additional conditional earn out of up to $8.5 million payable after two years.
