FOCUSED MERGER & ACQUISITION (M&A) STRATEGY

M&A is an important part of our growth strategy led by a well-defined approach aimed at bridging gaps in emerging technology areas and deepening expertise in existing areas. It allows us to provide a better, more comprehensive and innovative offering to our clients.

A rich history of M&A

Over the last few years, we have acquired various companies which have helped in deepening our domain and technology capabilities, scaling operations and providing access to key markets. These include:

• OSSCube – It is a consulting-led digital transformation and modernization service provider with competencies in cloud, big data, e-commerce, enterprise mobility and open source. It enabled us to strengthen our digital business services vertical.
• Cupola – It is an IoT solutions and services provider for industrial, telecom, smart homes, wearables, logistics and smart cities. It helped strengthen our IoT CoE.
• Pimcore Global Services (PGS) – PGS and Happiest Minds are both strategic partners to Pimcore, Austria. Our acquisition of PGS, expanded our delivery competencies, making us Pimcore’s largest offshore implementation partner.

Successful M&A track record at Happiest Minds

Making strategic acquisition of Sri Mookambika Infosolutions

In FY 2022-23, we acquired Sri Mookambika Infosolutions (SMI) for an equity consideration of ₹ 11,132 lakhs. A CMMI Level 3 and ISO 9001:2015 certified company, it provides product engineering services to US customers around Enterprise Applications & Integrations, Digital Data Platform Services (Analytics, Data Strategy, AI / ML, User Experience), Mobility Services and DevSecOps. It has deep domain expertise around the healthcare vertical.

SMI Acquisition Rationale