Happiest Minds Technologies to acquire PureSoftware for Rs 779 crore

IT company Happiest Minds Technologies Ltd on Thursday said it will acquire PureSoftware Technologies for a total consideration of $94.5 million (Rs 779 crores).

Happiest Minds Technologies has signed definitive agreements to acquire 100 per cent of the equity share capital of PureSoftware Technologies Pvt Ltd for a total purchase consideration of Rs 779 crore, according to a company statement.

The total purchase consideration comprises upfront payment of Rs 635 crore on closing and deferred payment of up to Rs 144 crore payable at the end of 2024-25, on achievement of set performance targets.