The acquisition is anticipated to be accomplished by Might 2024. Happiest Minds goals to strengthens its area capabilities in Banking, Monetary Companies, Insurance coverage (BFSI) and Healthcare and Life Sciences verticals by way of this acquisition, stated the corporate in a submitting with BSE. The 1,200 individuals firm will increase the capabilities and companies choices to Happiest Minds’ Product & Digital Engineering Companies (PDES) Enterprise Unit, the corporate added.
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PureSoftware reported revenues of US $43 Million (about Rs 351 crores) for fiscal 2024. Along with augmenting its presence in USA, UK and India, Happiest Minds may also get a near-shore presence in Mexico and workplaces in Singapore, Malaysia, and Africa.
PureSoftware companions with international enterprises throughout targeted verticals which embrace Banking & Monetary Companies and Insurance coverage (BFSI), Healthcare & Life Sciences, Retail & Logistics, and Gaming & Leisure. The Firm additionally has an award-winning Banking-as-a-Service Platform “Arttha”.
Joseph Anantharaju, Govt Vice Chairman, Happiest Minds, stated, “PureSoftware brings with it robust capabilities in Banking, Insurance coverage and Healthcare domains; permitting us so as to add worth and upsell to our clients. We’re excited by the potential to cross-sell Analytics, GenAI, Automation, Infrastructure Administration and Cyber Safety companies to PureSoftware clients and drive accelerated development for Happiest Minds.”
Anil Baid, Chairman and chief technique officer, PureSoftware stated, “PureSoftware has been acknowledged as a trusted companion by our clients for the flexibility to ship options combining our area data with core engineering experience in digital applied sciences. As part of Happiest Minds household, we will be capable to ship even higher worth to our stakeholders together with clients, staff and companions by cross leveraging the capabilities Happiest Minds has constructed round rising developments in Product Engineering, Synthetic Intelligence, Cloud Infrastructure administration and Data safety.”
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