Happiest Minds Technologies Ltd.

Happiest Minds Technologies has concluded and signed definitive agreements to acquire 100% ownership interest of PGS Inc. (DBA : Pimcore Global Services), a Houston, USA based digital e-commerce and data management solutions company for a consideration of $8.25 million.

PGS has a strategic partnership with Pimcore Austria for delivering solutions around Pimcore, an opensource framework which helps enterprises establish a robust digital presence through seamless data and experience management. PGS clientele includes customers across Retail, CPG and Manufacturing verticals.

PGS and Happiest Minds have had a successful strategic partnership pursuant to which Happiest Minds has been rendering offshore services to PGS. Revenues of PGS for the fiscal ending December 31, 2020 was circa $10.6 million and Happiest Minds counts PGS amongst its list of $2M + customers. Happiest Minds is a Gold Partner of Pimcore for the past several years and the combined capabilities will enhance Happiest Minds' global Digital Commerce practice. The acquisition is subject to customary closing conditions and is expected to close in the Quarter of March 31, 2021.

Happiest Minds Technologies provides IT services. The Company offers big data analytics, cloud computing, networking, engineering, digital solutions, infrastructure, and other related activities. Happiest Minds Technologies serves customers worldwide.