At what enterprise value was MOTUS acquired in 2021?

You can find the full valuation details of MOTUS on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MOTUS when it was acquired by PERMIRA?

The exact EV/EBITDA multiple for MOTUS is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was MOTUS acquired by PERMIRA?

MOTUS was acquired by PERMIRA in 2021.

What was the revenue of MOTUS at the time of the deal?

The revenue of MOTUS at the time of the deal is estimated to be in the range of 100M - 200M USD. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MOTUS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MOTUS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.permira.com/news-and-insights/announcements/permira-agrees-to-make-strategic-investment-in-motus

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Home Database TMT (Tech, Media, Telecom)MOTUS

10/2021

PERMIRA invests in MOTUS

UNITED STATES Software / ERP, HR & Finance REV 100M - 200M USD

Context

Permira has entered into a strategic investment agreement with Motus, a provider of reimbursement software for mobile workforces, while existing shareholder Thoma Bravo will reinvest and retain a significant ownership position. The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2021. The investment aligns with Permira’s objective to apply its software and telematics expertise to expand Motus’ product suite and accelerate market penetration as enterprises increase flexible‑work arrangements. By combining Permira’s capital resources with Motus’ compliance‑driven technology, the partnership aims to enhance data‑driven solutions, broaden the addressable customer base, and support the development of new features that address evolving mileage and device‑cost reimbursement requirements. Post‑closing, Motus is projected to leverage additional financing to scale its sales organization, deepen integration capabilities with enterprise resource planning systems, and invest in research and development for advanced analytics. The expected outcome includes higher subscription adoption rates, expanded geographic coverage within the United States, and reinforced positioning as a compliance‑focused platform for mobile‑workforce expense management.

MOTUS, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Motus was founded in 2004 and develops proprietary, cloud‑based software that automates reimbursement and cost management for vehicle, device and remote‑work expenses. The platform implements the IRS‑approved Fixed and Variable Rate (FAVR) methodology, enabling enterprises to calculate mileage reimbursements in compliance with federal standards. After its acquisition by Thoma Bravo in 2018, Motus merged with Runzheimer, the originator of the FAVR data set, and incorporated mileage‑rate data that underpins the annual IRS mileage standard. The combined entity delivers a suite of telematics‑driven tools, mobile applications, and analytics dashboards that capture usage data, enforce policy compliance, and generate automated payment workflows. Motus serves over 280,000 end users across a client base that includes multinational consumer goods firms, beverage producers, and restaurant chains, providing subscription‑based access to its services. Revenue is generated through recurring software licenses, usage‑based fees, and optional professional services for implementation and integration. The company operates primarily in the United States, with a sales organization that engages customers in multiple industries requiring mobile‑workforce cost control. Its business model emphasizes long‑term contracts, data‑centric product enhancements, and continuous regulatory alignment.

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REFERENCES

Revenue range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MOTUS by PERMIRA are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: motus

Acquirer: permira