Happiest Minds acquires Sri Mookambika Infosolutions 'SMI'

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Times of India 1w ago

Happiest Minds acquires Sri Mookambika Infosolutions 'SMI' - Times of India

Quick Summary:

Happiest Minds Technologies Limited has announced signing of definitive agreements to acquire 100% of SMI - a Madurai-headquartered IT services company through a combination of upfront and deferred equity consideration totaling Rs 111 crores.

With 400+ offshore-based employees, SMI has an annual run rate in revenues of circa $9 million.

Together, we are a strong force well ready to meet existing and future customer demands.