Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) entered into definitive agreement to acquire PureSoftware Technologies Private Limited for INR 7.8 billion on April 25, 2024. The consideration consists INR 7.8 billion comprising of upfront payment of INR 6.4 billion on closing and deferred payment of up to INR 1.4 billion payable at the end of FY25 on achievement of set performance targets. PureSoftware reported revenues of INR 351 million for fiscal 2024.

EY and Avendus Capital acted as exclusive financial advisor to Happiest Minds and PureSoftware respectively.