Miles 33 Ltd.
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Miles 33 Ltd. - overview
Established
1976
Location
-, Berkshire, UK
Primary Industry
Software
About
Miles 33 Ltd. , based in the UK, delivers innovative digital publishing solutions designed for the media industry, providing tools for content management and advertising efficiency across various platforms. Miles 33 Ltd. specializes in digital publishing solutions for the media sector, having been founded in 1976 in the UK.
The company has made four deals, with the most recent transaction occurring on March 3, 2021, when it was acquired by Naviga Inc. from Ethos Partners. Mike Moore serves as the CEO, leading the company's strategic direction in a competitive landscape. Miles 33 Ltd.
offers a range of digital publishing solutions catering to the media industry. Their core products include an Editorial Content Management suite for effective content and workflow management across multiple channels, including web, mobile, and print. The company also features an Advertising Solutions system that optimizes the sales process for various advertising formats. Additionally, their Mobile Publishing system enhances digital revenue and audience engagement for media organizations, with a client base spanning Europe, North America, and Asia-Pacific.
In the most recent reporting year, Miles 33 generated a revenue of USD 9,305,688. 40, with an EBITDA of USD 1,243. 90. Their business model primarily focuses on B2B transactions with media companies and advertising agencies, offering subscription services for software solutions and facilitating ad placements across different platforms.
Following its acquisition in March 2021, Miles 33 aims to leverage Naviga Inc. 's resources to enhance its product offerings and expand its global presence, particularly targeting the United Kingdom, Benelux, Italy, and the Asia Pacific region. The strategic partnership is expected to facilitate the launch of new products and services. The integration is designed to capitalize on Naviga Inc.
's technical expertise and broadened service capabilities, ultimately driving growth in new markets.
Current Investors
Verdane, Vista Equity Partners, Naviga Inc.
Primary Industry
Software
Sub Industries
Consulting Services, Content Management Software
Website
www.miles33.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Miles 33 Ltd. - financials
| Fiscal Year Ended | Sep 30, 2010 | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 15,523,000 | 15,057,000 | 12,297,000 | 11,302,000 | 10,710,000 | 9,350,000 | 9,319,000 | 9,334,000 | 9,039,000 | 9,875,000 | 7,296,000 | - | - | - |
| % Revenue Growth (YoY) | - | (3.0%) | (18.3%) | (8.1%) | (5.2%) | (12.7%) | (0.3%) | 0.2% | (3.2%) | 9.2% | (26.1%) | - | - | - |
| EBITDA (USD) | 7,997,000 | 8,013,000 | 6,006,000 | 5,426,000 | 4,328,000 | 2,937,000 | 3,375,000 | 2,401,000 | (49,071,000) | 3,299,000 | 1,838,000 | - | - | - |
| Operating Income (USD) | 5,748,000 | 5,316,000 | 4,292,000 | 4,635,000 | 3,757,000 | 2,798,000 | 3,064,000 | 1,967,000 | (49,517,000) | 3,028,000 | 1,665,000 | - | - | - |
| Operating Margin | 37.0% | 35.3% | 34.9% | 41.0% | 35.1% | 29.9% | 32.9% | 21.1% | (547.8%) | 30.7% | 22.8% | - | - | - |
| % EBITDA Margin | 51.5% | 53.2% | 48.8% | 48.0% | 40.4% | 31.4% | 36.2% | 25.7% | (542.9%) | 33.4% | 25.2% | - | - | - |
| NET Income (USD) | 4,197,000 | 3,889,000 | 3,074,000 | 5,422,000 | 4,897,000 | 4,368,000 | 4,796,000 | 3,856,000 | (47,675,000) | 2,516,000 | 1,523,000 | - | - | - |
| % Net Margin | 27.0% | 25.8% | 25.0% | 48.0% | 45.7% | 46.7% | 51.5% | 41.3% | (527.4%) | 25.5% | 20.9% | - | - | - |
Miles 33 Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Miles 33 Ltd. | - | ||||||||
| Buyout | Completed | Miles 33 Ltd. | - | ||||||||
| Private Debt | Completed | Miles 33 Ltd. | - | ||||||||
| Private Debt | Completed | Miles 33 Ltd. | - |
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