Happiest Minds to acquire Noida-based PureSoftware for $94.5 million

Leading IT company Happiest Minds Technologies said on Thursday it had signed a definitive agreement to acquire the Noida-based PureSoftware Technologies for a total purchase consideration of $94.5 million (about Rs 779 crore). The acquisition comprises an upfront payment of Rs 635 crore, and the balance of Rs 144 crore will be paid at the end of FY25 on achievement of set performance targets.

PureSoftware is a “fast-growing” digital engineering and transformation services and solutions provider with “deep domain expertise”, according to a statement issued by the company. It partners with global enterprises across focused verticals which include banking, financial services and insurance (BFSI), healthcare and life sciences, retail and logistics, and gaming and entertainment.