BENGALURU and SAN JOSE, California, July 1, 2015

N Venkatraman Takes Over the Baton from Venkatesan

Happiest Minds Technologies, a next generation digital transformation, infrastructure & security and product engineering services company today announced the appointment of N Venkatraman as the new CFO of the organization.

Venkatraman comes to Happiest Minds with multiple years of experience in the finance domain, his recent role being the CFO at Sonata Software, a $ 270mn global IT services company.

Paying tribute to the outgoing CFO Venkatesan, Mr. Ashok Soota, Executive Chairman, said, “At the time of launch of Happiest Minds itself, Venkatesan had shared that his life’s mission was to go back to teaching at some point. I thank him for his outstanding service to Happiest Minds, putting us on sound financial footing with adoption of highest standards of Corporate Governance. This has laid the foundation for an IPO in the near future.”

“I also take this opportunity to welcome Venkatraman to Happiest Minds family. Having worked closely with Venkatraman in the past, I am very confident that he will accelerate the initiatives and drive us towards our goals,” added Mr. Soota.

Sashi Kumar, CEO & MD, said, “I look forward to Venkatraman’s joining the team. I am confident that Happiest Minds will benefit immensely from his experience and expertise in setting robust processes, systems and driving high growth and profitability.”

Talking about his new role, Venkatraman shared “I am delighted to part of Happiest Minds’ dynamic team particularly at such an exciting junction in its development. I strongly believe that the company is slated for significant future growth.”

With a $ 50 mn+ annualized revenue run rate, 100+ valued customers and a team size of about 1500, Happiest Minds is also en route to becoming the fastest Indian IT services company aiming to achieve $100mn in revenue with a focus on going public within next 4 years.

About Happiest Minds Technologies

Happiest Minds enables Digital Transformation for enterprises and technology providers by delivering seamless customer experience, business efficiency and actionable insights through an integrated set of disruptive technologies: big data analytics, internet of things,mobility, cloud, security, unified communications, etc. Happiest Minds offers domain centric solutions applying skills, IPs and functional expertise in IT Services, Product Engineering, Infrastructure Management and Security. These services have applicability across industry sectors such as retail, consumer packaged goods, e-commerce, banking, insurance, hi-tech, engineering R&D, manufacturing, automotive and travel/transportation/hospitality.

Headquartered in Bangalore, India, Happiest Minds has operations in the US, UK, Singapore and Australia and has secured US $52.5 million Series-A funding. Its investors are JPMorgan Private Equity Group, Intel Capital and Ashok Soota.

For additional information, please contact:
Semele Basu
media@happiestminds.com