Our targeted M&A program is aligned with our long-term strategic objectives and overseen by an investment committee comprising two Executive Directors. We follow a programmatic approach, focusing on acquisitions that offer strategic value and scale.
Our track record of strategic acquisitions aligns with these priorities and contribute to long-term stakeholder value through sustained growth and profitability.
| Acquired Company | Date of Acquisition | Business Rationale |
|---|---|---|
| Cupola | 09-May-17 | Strengthened IoT Center of Excellence (CoE) |
| OSS Cube | 29-May-17 | Boost digital capabilities, open-source expertise, and North American presence |
| Happiest Minds Inc. | 01-Jan-21 | Expand delivery competencies, making us Pimcore’s largest offshore implementation partner in the world |
| Sri Mookambika Infosolutions | 03-Feb-23 | Deepen domain expertise in the healthcare vertical |
| Happiest Minds Edutech Private Limited | 02-May-24 | Expands EdTech reach |
| Aureus Tech Systems | 27-May-24 | Boost Cloud, AI, and App Modernization expertise, with strong Fortune 500 ties in Insurance and Healthcare |
| PureSoftware Technologies | 28-May-24 | Enhanced expertise in BFSI and Healthcare & Life Sciences, while expanding global delivery presence across Mexico, Singapore, Malaysia, and Africa |
| GAVS Technologies (Middle East Business) | 01-Feb-25 | Provided with immediate access to an established customer base, skilled talent, and active projects - accelerating growth, enhancing operational efficiency, and strengthening competitive position in the Middle East |
We began FY 2024-25 with the strategic acquisitions of PureSoftware Technologies and Aureus Tech Systems, reinforcing our position in digital transformation. Over the past year, we worked closely with both entities to align systems, policies, processes, culture, and operations. The reorganization into Industry Groups (IGs) and strong cross-company collaboration enabled a smooth and effective integration.
Both companies are now fully embedded within the Happiest Minds ecosystem, marked by strong cultural alignment and high-quality talent. These strategic moves contributed to our best annual performance since IPO in FY 2024-25.
PureSoftware brings 1,200 skilled professionals and enhances our presence in the BFSI and Healthcare & Life Sciences verticals. It also expands our global delivery footprint to Mexico, Singapore, Malaysia, and Africa - boosting delivery scalability and cross-selling potential.
A key highlight of this acquisition is Arttha, PureSoftware’s flagship BFSI product. We are currently enhancing and transitioning Arttha into a SaaS model, enabling broader market reach and more flexible deployment. This strengthens our SaaS portfolio and underlines the long-term strategic value of the acquisition.
Aureus is a 150-member, Azure-native firm with strong expertise in Cloud, AI, and Application Modernization. The Company has well-established relationships with Fortune 500 clients in the Insurance and Healthcare sectors, further deepening our capabilities in these domains.
Over the past year, along with the acquired entities, we have worked seamlessly to align systems, policies, processes, culture, and operations. The reorganization of the Company structure into Industry Groups (IG) and strong cross-company collaboration enabled smooth and effective integration.
We ended the fiscal year with the acquisition of GAVS Technologies' Middle East business, significantly strengthening our presence in the region. The acquisition includes:
These companies specialize in application development, maintenance, and infrastructure support, primarily serving large enterprises in the BFSI sector.
This acquisition enhances the Company's presence in the region, providing immediate access to an established customer base, a skilled workforce, and ongoing projects. It will accelerate our growth, improve operational efficiency, and strengthen our competitive position in the Middle East.
