Happiest Minds Technologies Acquires PureSoftware Technologies for $94.5M

April 25, 2024

Happiest Minds Technologies Limited has signed definitive agreements to acquire 100% of PureSoftware Technologies Private Limited for US$94.5 million (₹779 Crores), comprising an upfront payment and deferred consideration tied to FY25 performance targets. The acquisition (PureSoftware: ~1,200 employees; FY24 revenue ~US$43M) strengthens Happiest Minds' digital engineering, BFSI and healthcare capabilities and expands its geographic presence including the USA, UK, Mexico and several APAC and African offices.

Buyers
Happiest Minds Technologies Limited
Targets
PureSoftware Technologies Private Limited
Industry
IT Services
Location
Uttar Pradesh, India
Transaction Type
Buyout

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