Happiest Minds Technologies Limited (NSE: HAPPSTMNDS) has announced the complete acquisition of Aureus Tech Systems LLC, a specialized Azure native digital product engineering firm based in the USA. This acquisition marks a significant step for Happiest Minds, allowing it to deepen its expertise in the Insurance, Re-insurance, Healthcare, and Life Sciences sectors.
Aureus, known for its focus on digital transformation through Data, AI, and Application Modernization, has been a key player in partnering with Fortune 500 companies. With a strong team of 150 professionals across its Denver and Hyderabad offices, Aureus has established itself as a Microsoft-Certified Gold & Co-sell Partner, delivering tailored cloud and AI solutions.
The acquisition is set to bolster Happiest Minds’ Product & Digital Engineering Services (PDES) Business, with executives from both companies expressing optimism about the future. Joseph Anantharaju, Executive Vice Chairman of Happiest Minds, emphasized the enhanced value proposition and customer acquisition potential, while Venkatraman Narayanan, Managing Director & CFO, highlighted the anticipated strong performance in FY25, driven by both organic and inorganic growth.
Abhishek Pakhira, CEO of Aureus, pointed out the industry-wide shift towards technology-enabled services, underscoring the importance of integrating market understanding with technological advancements to achieve impactful business outcomes.
With this acquisition, Happiest Minds is poised to deliver more comprehensive solutions to its clients, driving forward its growth and market presence. EY served as the exclusive financial advisor for the transaction.