M&A Deal Summary

Happiest Minds Technologies Pvt Acquires PureSoftware Technologies

On April 25, 2024, Happiest Minds Technologies Pvt acquired internet software and services company PureSoftware Technologies for 95M USD

Acquisition Highlights
  • This is Happiest Minds Technologies Pvt’s 1st transaction in the Internet Software and Services sector.
  • This is Happiest Minds Technologies Pvt’s largest (disclosed) transaction.
  • This is Happiest Minds Technologies Pvt’s 2nd transaction in the United States.

M&A Deal Summary

Date 2024-04-25
Target PureSoftware Technologies
Sector Internet Software and Services
Buyer(s) Happiest Minds Technologies Pvt
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

PureSoftware Technologies

Noida, United States
PureSoftware Technologies is a digital engineering & transformation services and solutions provider focused verticals which include banking & financial services and insurance (BFSI), healthcare & life sciences, retail & logistics, and gaming &entertainment. PureSoftware Technologies was founded in 2005 and is based in Noida, India.

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Buyer(S) 1

Buyer

Happiest Minds Technologies Pvt

Bengaluru, India

Category Company
Sector Information Technology
DESCRIPTION

Happiest Minds enables digital transformation for enterprises and technology providers by delivering seamless customer experience, business efficiency and actionable insights through an integrated set of disruptive technologies: big data analytics, internet of things, mobility, cloud, security, unified communications, SDN-NFV, etc. Happiest Minds offers domain-centric solutions applying skills, IPs and functional expertise in IT services, product engineering, infrastructure management and security. These services have applicability across industry sectors such as retail, consumer packaged goods, e-commerce, banking, insurance, hi-tech, engineering R&D, manufacturing, automotive and travel/transportation/hospitality. Headquartered in Bangalore, India; Happiest Minds has operations in the US, UK, The Netherlands, Australia, Middle East and Turkey.


DEAL STATS #
Overall 4 of 5
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (United States) 2 of 3
Year (2024) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 SMI

Madurai, India

SMI is a privately-held, global technology solutions provider offering a wide spectrum of technology solutions and services to meet client’s business needs. SMI was founded in 2006 and is based in Madurai, India.

Buy Rs1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Aureus

Denver, Colorado, United States

Aureus is a niche Azure native digital product engineering company focused on digital transformation using Data, AI and application modernization. Aureus was founded in 2008 and is based in Denver, Colorado.

Buy -