News

Published: Jan 30, 2023
Updated: Jan 30, 2023

Happiest Minds expands southern presence and bolsters digital capabilities with acquisition of SMI

Happiest Minds Technologies, an Indian multinational provider of digital services, has announced its acquisition of Madurai-based IT firm SMI for Rs 111 crore. This move is in line with Happiest Minds' strategy to expand its presence in the southern region of India and strengthen its offerings in the enterprise digital transformation space.

Expanding Presence in Southern India:

SMI, which stands for Systems Migrations Inc, is a leading IT services provider with a strong presence in the southern region of India. With this acquisition, Happiest Minds will be able to strengthen its presence in the region and expand its customer base. The acquisition will also allow Happiest Minds to tap into SMI's expertise in enterprise digital transformation, which will help the company to better serve its clients in the region.

Boosting Enterprise Digital Transformation Capabilities:

SMI has a strong reputation in the enterprise digital transformation space, with a wide range of services that include application development, digital solutions, and IT infrastructure management. This acquisition will allow Happiest Minds to bolster its enterprise digital transformation capabilities and offer a wider range of services to its clients. The acquisition will also help Happiest Minds to expand its offerings in the enterprise digital transformation space, which is a key growth area for the company.

Strengthening Relationship with Key Clients:

SMI has a strong client base, which includes several large enterprises in the southern region of India. The acquisition will allow Happiest Minds to strengthen its relationship with key clients and expand its customer base. The acquisition will also help Happiest Minds to expand its services to new clients in the region.

Will drive growth and expansion:

The acquisition of SMI is a strategic move for Happiest Minds as it will allow the company to expand its presence in the southern region of India, strengthen its enterprise digital transformation capabilities and strengthen its relationship with key clients. The acquisition is expected to close by the end of the fiscal year and will be financed through internal accruals. With this acquisition, Happiest Minds is well positioned to drive growth and expand its market share in the southern region of India.