Happiest Minds Technologies, a next generation digital transformation, infrastructure, security and product engineering services company on Thursday announced the acquisition of Cupola Technology - a specialised IoT services company with innovative solutions across the IoT lifecycle.
This strategic acquisition is in line with Happiest Minds' vision to expand upon its already thriving IoT business by bringing in complimentary frameworks, ready to use solutions and marquee customers.
"We have found that organisations are rapidly moving from proof of concept to enterprise wide IoT rollouts. This has brought about the need for a dedicated IoT operations center with a solution centric approach. The acquisition of Cupola will add to our IoT center of excellence with a like-minded team that is focused towards driving customer value" said Sashi Kumar, CEO and MD, Happiest Minds Technologies.
Cupola Technology was founded in 2011 by Ajay Agrawal and Huzefa Saifee and has delivered high value IoT projects to customers globally.
"A connected ecosystem was at the heart of founding Cupola in 2011 and IoT based solutions have been the driving force behind our success. As we were looking to fuel the next level of growth, joining hands with Happiest Minds provides us with a great platform. We are excited to start a new chapter of our journey and build on the trust we have earned from our customers," said Ajay Agrawal.
Happiest Minds will continue to build on its strong partner ecosystem by investing in its IoT platform partnerships with Microsoft Azure IOT and PTC ThingWorx.
The company is on track to being the fastest Indian IT services company to reach a USD 100 million run rate and plans to go public within the next three years.