Happiest Minds Technologies Limited has acquired PureSoftware Technologies Private Limited for US$94.5 million. The total includes an upfront payment of approximately $76.09 million at closing and deferred payments of up to about $17.26 million, contingent on achieving certain performance targets by the end of 2025.This is technology M&A deal number 112 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.Happiest Minds Technologies Limited, founded in 2011, is based in Bangalore, India. The company has 5,201 employees listed on LinkedIn. Happiest Minds Technologies’ areas of expertise include digital transformation, disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, and virtual/augmented reality. PureSoftware Technologies Private Limited, headquartered in Noida, India. The company has 1,144 employees listed on LinkedIn. PureSoftware’s areas of expertise include digital engineering & transformation services and solutions with a focus on domains such as banking & financial services, healthcare & life sciences, retail & logistics, and gaming & entertainment.Through this acquisition, Happiest Minds says it is looking to bolster its capabilities in the banking, financial services, insurance (BFSI), and healthcare and life sciences sectors. The deal will also bolster Happiest Minds' presence in the USA, UK, and India and provide a near-shore presence in Mexico as well as offices in Singapore, Malaysia, and Africa.
Mergers and Acquisitions
Happiest Minds Acquires PureSoftware for $94.5 Million

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