Canada's Runtime buys Chile's Elipse.ai in its first Latin America deal
What's the deal? Canadian software holding company Runtime EnterprisesDealroom has a profile for this one. Try Dealroom → has acquired 100% of Elipse.aiDealroom has a profile for this one. Try Dealroom →, a Chilean AI startup, in a multi-million-dollar transaction. Miami-based M&A firm L40°Dealroom has a profile for this one. Try Dealroom → served as the exclusive advisor to Elipse.ai. Specific financial terms were not disclosed.
What each side does: Elipse.ai builds conversational AI agents for voice, telephony, and WhatsApp, serving more than 100 enterprise clients across seven countries, with a strong presence in healthcare. Runtime is a holding company that acquires and keeps software and technology-enabled services businesses for the long term.
What changes? Elipse.ai will retain its brand, management team, and operational independence. The backing is meant to fund its next stage of international expansion and continued AI investment.
Why now? The deal marks Runtime's first investment in Latin America, as North American software buyers increasingly look to the region for acquisitions. Elipse.ai attracted both strategic and financial buyers and generated multiple letters of intent, including from Latin American parties, before closing with Runtime.
“We found in Runtime a partner that shares that vision and understands that great companies are built with decades, not quarters, in mind,” said Aleksis Archiles, co-CEO of Elipse.ai.
The signal: International buyers are broadening their search into Latin America, expanding the buyer universe for established regional software companies with recurring revenue and international scale potential. As L40° partner Manuel Amor put it: “A transaction happens when buyer thesis, seller objectives and timing coincide. When one of the three is missing, nothing else will fix it.”
Read more: Ein Presswire
Image credit: Generated with Gemini
