With over 400 offshore-based workers, SMI has an annual run price in revenues of $9 million, based on an change submitting. SMI gives product engineering providers to its US clients round enterprise purposes and integrations, digital knowledge platform providers, mobility providers and DevSecOps.
SMI delivers its engagements by agile supply leveraging mature and industry-standard software program engineering and growth practices. The goal firm has through the years constructed deep area experience across the healthcare vertical, the submitting added.
“SMI brings in deep domain capabilities, which add to our healthcare vertical strengths and align very well with our product engineering services business unit. Working together we seek to go deeper into the healthcare vertical,” stated Joseph Anantharaju, govt vice chairman & CEO-product engineering providers, Happiest Minds Technologies.
The acquisition additionally expands Happiest Minds’ expertise pool in places like Madurai and Coimbatore. The all-cash deal is seen to be accomplished earlier than February.
Last week, Happiest Minds reported a internet revenue of Rs 57 crore for the quarter ended December 31, 2022. This is almost 18% development, in contrast with Rs 48.8 crore reported within the year-ago quarter.
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Revenues through the quarter rose 29% to Rs 366 crore as towards Rs 283 crore within the corresponding quarter of earlier yr.