Puresoftware Technologies News Today

For full year, the Bengaluru-headquartered firms profit rose 7.5% to Rs 248.39 crore from Rs 230.99 crore in FY23. Revenues increased 13.7% to Rs 1624.66 crore from Rs 1,429.29 crore last year.

Happiest Minds executive chairman Ashok Soota said the company is on track for its longterm vision of $1 billion revenue in FY31, thanks to its new generative AI business unit and two successful acquisitions.

IT company Happiest Minds Technologies on Tuesday reported 25 per cent increase in net profit at Rs 72 crore for Q4, as revenue went up 10 per cent to Rs 417 crore.Ashok Soota, Executive Chairman of Happiest Minds, said that the company is on ...

PureSoftware Technologies, with a paid-up capital of Rs 3.23 crores and a turnover of Rs 351 crores for fiscal 2024, will be acquired through an upfront cash consideration of Rs 635 crores.

Happiest Minds stated in a news statement that in addition, a deferred consideration of up to ₹144 Crores will be payable at the end of FY25.

Happiest Minds Acquires PureSoftware Technologies: Leading IT company Happiest Minds Technologies on Thursday said it has acquired Noida-based PureSoftware Technologies for $94.5 million (Rs 779 crore).

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

The firm announced upfront payment of Rs 635 Crores at closing, with a potential additional Rs 144 Crores upon meeting FY25 performance targets. The acquisition is expected to close by May 31.

Happiest Minds Technologies Ltd to acquire PureSoftware Technologies for USD 94.5 million, focusing on enhancing domain capabilities in BFSI and healthcare verticals, and expanding global presence in the USA, UK, India, Mexico, Singapore, and Malaysia.