Happiest Minds to Acquire PureSoftware Technologies for Rs 779 Crore

Happiest Minds announces acquisition of PureSoftware Technologies for Rs 779 crore, strengthening its domain capabilities.

  • Happiest Minds announces acquisition of PureSoftware Technologies for Rs 779 crore, strengthening its domain capabilities.
  • The acquisition will provide Happiest Minds access to prestigious clients and expand its presence in key markets.
  • PureSoftware Technologies’ expertise in digital technologies complements Happiest Minds’ mission of driving happiness for people and customers.

Happiest Minds has unveiled plans to acquire PureSoftware Technologies in a deal valued at Rs 779 crore. Through this acquisition, Happiest Minds aims to enhance its domain capabilities, particularly in the Banking, Financial Services, Insurance (BFSI), and Healthcare and Life Sciences sectors. The acquisition will also grant Happiest Minds access to PureSoftware’s portfolio of esteemed clients, bolstering its presence in key markets.

Ashok Soota, Executive Chairman of Happiest Minds, expressed enthusiasm about welcoming PureSoftware into the Happiest Minds family. He highlighted the alignment of both companies’ visions, emphasizing their shared commitment to driving happiness for both employees and customers. With this strategic move, Happiest Minds aims to leverage PureSoftware’s expertise in digital technologies to deliver greater value to stakeholders.

Additionally, the acquisition will facilitate Happiest Minds’ expansion into new geographies, including the US, UK, Mexico, Singapore, Malaysia, and Africa. PureSoftware’s reported revenues of Rs 351 crore for FY24 underscore its potential to contribute significantly to Happiest Minds’ growth trajectory. With EY and Avendus Capital serving as exclusive financial advisors, the acquisition represents a strategic milestone for both companies as they seek to capitalize on emerging trends in the technology sector.