Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Jan. 29, 6:15 PM
| This Slide: #11 of 100 |
Slide #11. Happiest Minds Technologies Limited — SMI
Acquirer:
Happiest Minds Technologies Limited
Acquiree:
SMI
Details:
Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a 'Born Digital. Born Agile', Mindful IT Company today announced signing of definitive agreements to acquire 100% ofSMI- a Madurai headquartered, profitable, IT services company through a combination of upfront and deferred equity consideration totaling_111 crores. With 400+ offshore-based employees, SMI has an annual run rate in revenues of circaUS$ 9 Million.
Both companies are privately held or listed on a foreign exchange.
