Miles 33 | Naviga Inc
Cavendish Corporate Finance has advised the shareholders of Miles 33, a leading supplier of digital publishing software to media, corporates and agencies on its sale to Naviga Inc.
With customers in 29 countries, Miles 33 offers fully integrated editorial and advertising management solutions allowing clients to deliver substantial cost savings, automate functions, improve productivity, and open up new revenue opportunities.
In addition to its existing offices in Bracknell, England and Norwalk, Connecticut, US Miles 33 also has offices in Kuala Lumpur, Malaysia and Milan, Italy.
Headquartered in Bloomington, MN with regional offices throughout the world, Naviga is the leading provider of software and services powering media-rich industries with over 3,200 news media, broadcast, magazine, financial services, and corporate clients in 45 countries.
Scott Roessler, CEO of Naviga said: “We’re excited to welcome Miles 33 and its customers to the Naviga family. Miles 33’s patented technology combined with Naviga’s Content Engagement Platform will further advance the toolset available to publishing teams operating in today’s complex environment and allow them to use a single and unified platform to drive audience engagement, advertising sales, content management and digital media commerce.”
With Miles 33’s reach in the United Kingdom, Benelux, Italy and Asia Pacific, this acquisition expands Naviga’s global reach with increased product offerings, extended service capabilities and broadened technical and global publishing expertise.
“Naviga and Miles 33 share the same view on the market and the vision of its future and the synergies between the two companies’ innovative technologies are powerful,” said Michael Moore, CEO, Miles 33. “We are looking forward to joining the Naviga team to bring our shared solutions and capabilities to help users drive subscription revenue and simplify traditional publishing workflows.”
Jon Edirmanasinghe, Partner commented:
“It was a great pleasure to work with the Miles 33 financial investors and management team. Miles 33 is a leader in its field and the combination with Naviga will provide significant growth opportunities across the expanded product set and customer list.”
“The Cavendish team of Jon, Chris, Chirag and Soben steered the process from start to finish and were instrumental in bringing this transaction to a successful conclusion with the right partner in the form of Naviga. The sale of Miles 33 to Naviga marked a successful exit for the financial investors and provides management with a larger platform to grow the business.”
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