Happiest Minds Technologies, a next generation digital transformation company, has acquired U.S. based digital transformation company, OSSCube.
Headquartered in Houston, Texas, OSSCube was founded in 2008 by Lavanya Rastogi and Vineet Agarwal and provides consulting-led digital transformation and modernization services in the fast-growing areas of cloud, big data, e-commerce, enterprise mobility and open source. At present, the company is operational in North America, Europe, and Asia. It is an exclusive Enterprise Partner for the open source platform Pimcore in North America. OSSCube twice made the INC5000 list of fast growing privately held companies in US.
On the acquisition, Lavanya Rastogi, Co-founder & CEO, OSSCube said:
We are excited to be part of one of the fastest growing digital transformation companies. Coming together with Happiest Minds offers us the scale, global reach, complementary skills and expertise, enabling us to offer ever more innovative solutions to our global customers. We believe that the great cultural fit, market place synergies and critical mass of Consulting & IP lead offerings will unlock tremendous value for all our stakeholders.
Headquartered in Bangalore, India, Happiest Minds enables digital transformation for enterprises and technology providers by delivering seamless customer experience, business efficiency, and actionable insights through an integrated set of disruptive technologies: big data analytics, internet of things, mobility, cloud, security, unified communications, SDN-NFV, etc. Happiest Minds offers domain-centric solutions applying skills, IPs and functional expertise in IT services, product engineering, infrastructure management and security.
Mr. Ashok Soota, Executive Chairman, Happiest Minds Technologies said:
We are delighted to welcome OSS Cube team into the Happiest Minds family. We believe that this will further strengthen our leadership in the digital transformation space. The integration of OSSCube will also be an excellent cultural fit with Happiest Minds as both are amongst the few IT Services firms to be ranked as best places to work.
Adding to that, Mr. Sashi Kumar, CEO & MD, Happiest Minds Technologies said:
We have made conscious efforts to build a strong market position as a company that has expertise on transformational and disruptive technologies. The acquisition of OSSCube is a strong step forward in this direction. Additionally, we expect this strategic decision to accelerate our go-to market capabilities in North America. I welcome the entire team of OSSCube on board
The team of 240 from OSSCube will now be part of Happiest Minds and this will bring the total strength of Happiest Minds to 2400 and active customer base to 170.
Arising from this deal, Lavanya Rastogi will now be the CEO of Happiest Minds’ DTES business. Happiest Minds claims to be on the track of being the fastest Indian IT services company to reach $100 million run rate and plans to go public within the next 3 years.
This acquisition will expand the company’s portfolio of transformative offerings in the consulting-led digital space, especially around open source platforms. It will also significantly strengthen the company’s ground game in North America, deepen CMO mindshare and build critical mass across the digital offerings stack.
Recently Happiest Minds has also acquired Cupola Technology in order to cover the domain of IoT. You can read the full article here.