Acquisition History / Happiest Minds Technologies Ltd / PureSoftware Technologies Pvt Ltd
Happiest Minds Technologies Ltd Acquires PureSoftware Technologies Pvt Ltd
Announced April 25, 2024 — $88.0M
What happened
Happiest Minds signed definitive agreements to acquire 100% of Noida-based PureSoftware Technologies for Rs 779 crore. Rs 635 crore was payable on closing with up to Rs 144 crore deferred to end-FY25 against performance targets. The deal adds banking, telecom and healthcare product-engineering capability to Happiest Minds.
- Acquirer
- Happiest Minds Technologies Ltd
- Target
- PureSoftware Technologies Pvt Ltd
- Announced
- April 25, 2024
- Price
- $88.0M
- Industry
- IT services / product engineering
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Happiest Minds Technologies Ltd acquire PureSoftware Technologies Pvt Ltd?
Happiest Minds Technologies Ltd acquired PureSoftware Technologies Pvt Ltd on April 25, 2024. This was Happiest Minds Technologies Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Happiest Minds Technologies Ltd pay for PureSoftware Technologies Pvt Ltd?
Happiest Minds Technologies Ltd paid $88.0M for PureSoftware Technologies Pvt Ltd.
What does PureSoftware Technologies Pvt Ltd do?
Happiest Minds signed definitive agreements to acquire 100% of Noida-based PureSoftware Technologies for Rs 779 crore. Rs 635 crore was payable on closing with up to Rs 144 crore deferred to end-FY25 against performance targets. The deal adds banking, telecom and healthcare product-engineering capability to Happiest Minds.
What other IT services / product engineering companies has Happiest Minds Technologies Ltd acquired?
PureSoftware Technologies Pvt Ltd is Happiest Minds Technologies Ltd's only publicly tracked acquisition in IT services / product engineering so far.