Happiest Minds acquires OSSCube

IT firm Happiest Minds Technologies today said it has acquired US-based OSSCube for an undisclosed sum, a move that will help the Indian firm strengthen its play in the overseas market.
Last month, Happiest Minds had bought Cupola Technology for an undisclosed sum.
The latest acquisition will expand the company's portfolio of transformative offerings in the consulting-led digital space, especially around open source platforms, Happiest Minds said in a statement.
"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," it added.
Founded in 2008 by Lavanya Rastogi and Vineet Agarwal, OSSCube provides services in areas of cloud, big data, e- commerce, enterprise mobility and open source.

Headquartered in Houston, Texas, OSSCube has about 240 people and has operations in North America, Europe, and Asia.

After the deal, Rastogi will now be the CEO of Happiest Minds' DTES business.
"We believe that this will further strengthen our leadership in the digital transformation space," Happiest Minds Technologies Executive Chairman Ashok Soota said.
The acquisition will also help Happiest Minds total employee strength to 2,400 people and active customer base to 170.
Founded by industry veteran and former Mindtree Chairman Ashok Soota in 2011, Happiest Minds has a revenue run rate of USD 75 million.
It said it is on track to reaching USD 100 million run rate soon and plans to go public within the next three years.