India Digest: Ebix acquires Miles for $19m; Persistent Systems buys Herald Tech

Photo: Reuters

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter