Expands Product Engineering Services capabilities

Bangalore, India and New Jersey, US March 20th 2012: Happiest Minds Technologies, a next generation IT Solutions & Services company, announced expansion of its Product Engineering Services offerings by adding Engineering R&D Services capabilities and forming a new division. The division will cater to the needs of Technology Companies from Hardware, Embedded, Software and Solutions.

The primary focus of the division will be in areas of Communications and Networking, Storage/Virtualization, Consumer Electronics and Automotive segments. It will leverage on the existing core strengths of Happiest Minds offerings in the areas of disruptive technologies such as Cloud, Mobility, Big Data Analytics, Social and Unified Communications.

Commenting on the importance of these services in today’s market scenario, Ashok Soota, Executive Chairman, Happiest Minds Technologies said, “Disruptive technologies are impacting the product engineering business and that becomes attractive for Happiest Minds whose foundation is built on it. In the interconnected world with ever changing needs for devices to be smart, marriage of embedded design with disruptive technologies can create a true product differentiator. We see tremendous opportunity to fill this current void with our new set of offerings”.

Sandeep Agarwal, Senior VP of Happiest Minds Technologies said, “Our offerings will enable the Semiconductor, OEM and Technology Software companies to move up the value chain and stay ahead of the technology curve. We will provide a complete range of Product Development to Testing Services covering the entire Product Life Cycle in the key verticals identified by us. We will create ready-to-use frameworks and solution accelerators focusing on Internet of Things. We expect this division to grow quickly and contribute to 15-20% of overall revenues in the next 4-5 years.”

About Happiest Minds Technologies Pvt. Ltd.

Happiest Minds was launched in August, 2011 by Ashok Soota and a team of industry experts, with the mission to create Happiest People and Happiest Customers. Happiest Minds is a next gen IT solutions & Services Company, enabling organizations to capture the business benefits of disruptive technologies of cloud computing, social media, mobility solutions, business intelligence, analytics and unified communications. Happiest Minds offers high degree of skills, IPs and domain expertise across a set of focused areas that include IT Services, Product Engineering Services, Infrastructure Management, Security, Testing and Consulting. Happiest Minds focus industries include Retail, CPG, Technology, Banking, Financial & Insurance Services, Travel, Hospitality & Transportation, Manufacturing and Media & Entertainment. Solution focus areas are Multi-channel Commerce, Customer Experience Management and Social Media Analytics.

Headquartered in Bangalore, India, Happiest Minds has operations in the US, UK and Singapore. It secured a $45 million Series A funding led by Canaan Partners, Intel Capital, Ashok Soota and supported by its founders. For more information visitwww.happiestminds.com

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Happiest Minds
Salil Godika
Salil.godika@happiestminds.com

Gutenberg Communications
Vijay Vinjimoor
Vijay@gutenbergpr.com