Key Points
Happiest Minds, on April 25, announced its plans to acquire PureSoftware Technologies Private Limited for a sum of up to Rs 779 crore..
The acquisition, executed through a share purchase agreement, will see Happiest Minds obtaining 100 percentequity interest in PureSoftware, thereby making it a wholly-owned subsidiary of the company...
PureSoftware Technologies, with a paid-up capital of Rs 3.23 crore and a turnover of Rs 351 crore for fiscal 2024, will be acquired through an upfront cash consideration of Rs 635 crore..
Anil Baid, Chairman & Chief Strategy Officer, PureSoftware said, PureSoftware has been recognized as a trusted partner by our customers for the ability to deliver solutions combining our domain knowledge with core engineering expertise in digital technologies..
As a part ofHappiestMinds family, we shall be able to deliver even greater value to our stakeholders including customers, employees and partners bycross leveragingthe capabilities Happiest Minds has built around emerging trends in Product Engineering, Artificial Intelligence, Cloud Infrastructure management and Information security...
