The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Jan. 29, 6:15 PM

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.
 

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