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Hot Pursuit News

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(25 Apr 2024, 13:04)

Happiest Minds to acquire PureSoftware Tech for $94.5 mn

Happiest Minds Technologies said that it has signed definitive agreements to acquire 100% of the equity share capital of PureSoftware Technologies for a total purchase consideration of $94.5 million, which is approximately Rs 779 crore.


Of the total sum payable, an amount of Rs 635 crore would be paid upfront on closing and the balance of Rs 144 crore would be deferred, payable at the end of FY25 on achievement of set performance targets.

PureSoftware with a global presence and headquarters in Noida is a fast-growing digital engineering & transformation services and solutions provider with deep domain expertise. PureSoftware partners with global enterprises across focused verticals which include banking & financial services and insurance (BFSI), healthcare & life sciences, retail & logistics, and gaming & entertainment. The company also has an award-winning banking-as-a-service platform “Arttha”. PureSoftware reported revenues of $43 million (approximately Rs 351 crore) for fiscal 2024.

Through this acquisition...

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