- October 17, 2018
Origin Capital advises Australia-based IFS Global Holdings on its sale to Australia-based WiseTech Global.
Founded in 1997, IFS is a multi-carrier logistics software-as-a-service business with revenue of A$7.9m and EBITDA of A$1.0m in FY2018.
The purchase price comprises A$20m upfront, with a further expected multi-year earn-out potential of about A$35m.
WiseTech is a leading developer and provider of software solutions to the logistics execution industry.