L40º is a Miami-headquartered M&A firm specializing in sell-side advisory services for AI and software businesses.
Runtime’s initial foray into Latin America occurs as North American software buyers increasingly turn their attention to the region for technology acquisition prospects.
A transaction happens when buyer thesis, seller objectives and timing coincide. When one of the three is missing, nothing else will fix it.”— Manuel Amor, Partner at L40º MIAMI, FL, UNITED STATES, August 13, 2026 /EINPresswire.com/ — L40°, a cross-border M&A advisory practice concentrating on software, technology, and AI enterprises, revealed that it acted as the exclusive M&A advisor to Elipse.ai in its purchase by Runtime Enterprises Inc. This deal marks the Canadian software holding company’s first investment in Latin America.
Elipse.ai, a Chilean artificial intelligence firm, specializes in conversational AI agents designed for voice, telephony, and WhatsApp, catering to over 100 enterprise clients spread across seven countries, with a notable foothold in healthcare. Runtime Enterprises is a Canadian holding company that acquires and holds software and technology-enabled services businesses with a long-term perspective.
This multi-million-dollar agreement provides Elipse.ai with enduring financial backing to fuel its next phase of international growth and ongoing investment in artificial intelligence. Following the acquisition, the company will preserve its current brand, management team, and operational autonomy. Specific financial details were not disclosed.
“From the beginning, we set out to build a solid company for the long term, always putting our customers and our team at the center,” said Aleksis Archiles, Co-CEO of Elipse.ai. “We found in Runtime a partner that shares that vision and understands that great companies are built with decades, not quarters, in mind.”
Growing Appetite for Latin American Software Among Buyers
Runtime’s first investment in Latin America arrives as North American and other international software holding firms broaden their acquisition searches into the region, widening the pool of potential buyers for established Latin American technology companies.
L40° is witnessing heightened interest from software holding companies, strategic acquirers, and financial buyers who are evaluating Latin American businesses that feature recurring revenue, established client bases, and the capacity to scale internationally.
The Elipse.ai process exemplified this trend. The company drew interest from both strategic and financial purchasers and received multiple letters of intent (LOIs), including from Latin American parties, before finalizing the deal with Runtime, an international acquirer entering the region for the first time.
Regional and international buyers do not necessarily underwrite the same business in the same way. Differences in strategic priorities, geographic ambitions, available capital and ownership models can influence both valuation and transaction structure, making a broader cross-border buyer universe particularly relevant for Latin American technology companies.
“A transaction happens when buyer thesis, seller objectives and timing coincide. When one of the three is missing, nothing else will fix it,” said Manuel Amor, Partner at L40° and lead advisor on the transaction.
International buyers also tend to scrutinize the ability of a company to scale across markets, alongside factors such as customer concentration, revenue retention and corporate structure. For companies already operating across multiple jurisdictions, clean legal entities, intercompany relationships and transfer-pricing documentation can become important elements of cross-border diligence.
Details of the Transaction
Elipse.ai has developed an AI-driven communications platform that merges generative AI voice agents, enterprise telephony, WhatsApp, and messaging to automate both inbound and outbound customer conversations.
Its technology supports functions such as appointment scheduling and confirmations, contact campaigns, and automated call handling, with a particularly strong presence in healthcare organizations across Latin America.
The company handles over 20 million appointments each year, and its technology is utilized by healthcare institutions that serve roughly 25% of Chile’s Fonasa beneficiary population.
Elipse.ai currently operates in Chile, Peru, Colombia, Mexico, Argentina, Venezuela, and Spain. In partnership with Runtime, the company aims to surpass US$10 million in annual recurring revenue by 2027.
Runtime acquires and holds software and technology-enabled services businesses under a long-term ownership model. Following the transaction, Elipse.ai will keep its current identity and leadership while gaining additional resources to support international expansion and continued investment in its AI capabilities.
About Elipse.ai
Elipse.ai creates AI solutions that automate conversations via voice, telephony, WhatsApp, and messaging for healthcare and service organizations in Latin America. The company serves over 100 enterprise clients in seven countries and manages more than 20 million appointments annually.
About Runtime Enterprises
Runtime Enterprises is a Canadian holding company that acquires and holds software and technology-enabled services businesses for the long haul. Its model enables portfolio companies to retain their identity, management, and operational independence while receiving support for growth.
About L40°
L40° is a cross-border M&A advisory firm focused on software, technology and artificial intelligence companies. The firm advises founders and shareholders throughout sell-side strategic transactions, from positioning and buyer outreach through negotiation, due diligence and closing.
L40° has completed more than 180 technology transactions and operates from Miami, Madrid and Lisbon, advising technology companies on domestic and cross-border M&A.
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Andrea Balletbo
L40°
andrea.b@l40.com
SOURCE: L40°
Andrea M Balletbo
L40 Partners Inc
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