L40º operates as a Miami-headquartered M&A firm specializing in sell-side advisory for companies in the AI and software sectors.
Runtime’s initial foray into Latin America occurs as North American software purchasers are increasingly looking toward 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 firm concentrating on software, technology, and AI enterprises, revealed that it functioned as the exclusive M&A advisor for Elipse.ai in its acquisition by Runtime Enterprises Inc. This deal represents the Canadian software holding company’s first investment in Latin America.
Elipse.ai, a Chilean artificial intelligence company, focuses on conversational AI agents for voice, telephony, and WhatsApp. It serves over 100 enterprise clients in seven nations, with a notable footprint in the healthcare sector. Runtime Enterprises is a Canadian holding firm that acquires and retains software and technology-enabled service businesses over the long haul.
This multi-million-dollar deal provides Elipse.ai with sustained support for 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 made public.
“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 Buyer Appetite for Latin American Software
Runtime’s first investment in Latin America occurs as North American and other global software holding companies are expanding their acquisition searches into the region, thereby broadening the pool of potential buyers for well-established Latin American technology firms.
L40° is observing heightened interest from software holding companies, strategic acquirers, and financial buyers who are assessing Latin American businesses that feature recurring revenue, solid customer bases, and the ability to scale internationally.
The Elipse.ai process exemplified this trend. The company drew interest from both strategic and financial buyers and received multiple letters of intent (LOIs), including from Latin American parties, before ultimately finalizing the transaction 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-powered communications platform that merges generative AI voice agents, enterprise telephony, WhatsApp, and messaging to automate inbound and outbound customer conversations.
Its technology facilitates workflows such as appointment scheduling and confirmations, contact campaigns, and automated call handling, with a particularly strong presence across healthcare organizations in Latin America.
The company handles more than 20 million appointments each year, and its technology is employed by healthcare institutions that serve roughly 25% of Chile’s Fonasa beneficiary population.
Elipse.ai currently runs operations in Chile, Peru, Colombia, Mexico, Argentina, Venezuela, and Spain. Together 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 existing 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 across voice, telephony, WhatsApp, and messaging for healthcare and service organizations in Latin America. The company serves more than 100 enterprise clients across seven countries and manages over 20 million appointments annually.
About Runtime Enterprises
Runtime Enterprises is a Canadian holding firm that acquires and holds software and technology-enabled services businesses for the long term. Its model enables portfolio companies to retain their identity, management, and operational independence while receiving growth support.
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.
Media Contact
Andrea Balletbo
L40°
andrea.b@l40.com
SOURCE: L40°
Andrea M Balletbo
L40 Partners Inc
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