Happiest Minds to acquire PureSoftware Technologies for Rs 779 crore

Happiest Minds Technologies will acquire Noida-based digital engineering and transformation services and solutions provider PureSoftware Technologies for $94.5 million (Rs 779 crore), the IT services company said Thursday.
The deal value includes payment of Rs 635 crore on closing of the deal and a deferred component of up to Rs 144 crore, payable at the end of fiscal 2025 on achievement of certain performance targets. The transaction is expected to be completed by May 2024.