US-based Ebix buys Mumbai software company Miles for $19 mn
US-based software supplier Ebix on Tuesday said that it has acquired Mumbai-based software company Miles Software for at least $19 million. The transaction involves an additional contingent earn-out of up to $8.5 million payable after two years, Ebix said. Founded in 1999, Miles is a wealth and asset management on-demand software provider to banks, asset managers and wealth management firms. 