|Sportstar Aces Awards 2023 | VOTE FOR TOP CATEGORIES

Happiest Minds to acquire Sri Mookambika Infosolutions for ₹111 crore

January 25, 2023 10:03 pm | Updated January 26, 2023 10:45 am IST

Happiest Minds Technologies, a Bengaluru-based IT firm, has signed definitive agreements to acquire 100% of Sri Mookambika Infosolutions (SMI), a tech firm from Madurai,

With over 400 offshore-based employees, SMI has an annual revenue run rate of $9 million.

SMI provides product engineering services to its U.S. customers around enterprise applications and integrations, digital data platform services (Analytics, Data Strategy, AI/ML, User Experience), Mobility Services and DevSecOps.

Joseph Anantharaju, Executive Vice-Chairman & CEO – Product Engineering Services, Happiest Minds Technologies said “ Working together with SMI, we seek to go deeper into the healthcare vertical.”

Venkatraman Narayanan, Managing Director & CFO, Happiest Minds Technologies, said “SMI with expertise in healthcare and a vibrant talent pool in the burgeoning Tier-2 locations of Madurai and Coimbatore, is well aligned with our vision.’‘

The acquisition was supported by Ernst & Young on the advisory side.

Top News Today


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.