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Happiest Minds Acquires Sri Mookambika Infosolutions 'Smi'

PRIVATEJan 25, 2023

Acquiring Company

Happiest Minds

Acquired Company

Sri Mookambika Infosolutions

BengaluruInformation TechnologySoftwareinformation technology & services

Description

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a 'Born Digital. Born Agile', Mindful IT Company today announced signing of definitive agreements to acquire 100% of SMI - a Madurai headquartered, profitable, IT services company through a combination of upfront and deferred equity consideration totaling ₹ 111 crores. With 400+ offshore-based employees, SMI has an annual run rate in revenues of circa US$ 9 Million.

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Company Information

Company

Happiest Minds

Location

Madiwala Market Road

Bengaluru, Karnataka, India

About

Happiest Minds' Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics /drones, security, virtual/augmented reality, etc. Positioned as 'Born Digital. Born Agile', our capabilities span digital solutions, infrastructure, product engineering and security. We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail, and travel/transportation/hospitality. A Great Place to Work-CertifiedTM company, Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia, and Middle East. Media Contact: media@happiestminds.com Logo: https://mma.prnewswire.com/media/1812236/Happiest_Minds_Logo.jpg SOURCE Happiest Minds Technologies Limited

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Frequently asked

Who acquired Sri Mookambika Infosolutions?

Sri Mookambika Infosolutions was acquired by Happiest Minds, based in Bengaluru. The deal was reported on January 25, 2023. Happiest Minds is privately held and operates in Information Technology.

When did Happiest Minds acquire Sri Mookambika Infosolutions?

Happiest Minds's acquisition of Sri Mookambika Infosolutions was reported on January 25, 2023. Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a 'Born Digital. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sri Mookambika Infosolutions do?

It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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