Corporate News     30-Jan-21
Happiest Minds Technologies acquires Houston based Pimcore Global Services
For consideration of USD 8.25 mn
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 USD 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 US$ 10.6 million and Happiest Minds counts PGS amongst its list of US$ 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.

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