Happiest Minds Technologies forges strategic partnership with Solvio

Indian IT firm Happiest Minds Technologies announced a strategic partnership with Solvio, a Salesforce consulting firm, on Thursday. The partnership aims to focus on delivering Salesforce implementations, transforming client engagements, and enhancing operational efficiencies.
 
Based in Texas, U.S., Solvio offers a comprehensive suite of capabilities and offerings tailored to meet the diverse needs of customers. Backed by a rich history of success and a forward-thinking vision, the company is all set to redefine the face of Salesforce adoption on a global scale. With over 140 Salesforce certifications and a team of more than 100 experts, Solvio stands as a formidable leader in Salesforce consulting and services, offering a comprehensive suite of capabilities and offerings tailored to meet the diverse needs of clients.
 
In February, Happiest Minds announced its new vertical organisation structure, comprising six new industry groups. These groups are industrial, manufacturing, energy and utilities, healthcare and life sciences, retail, CPG, logistics, banking, financial services, and insurance (BFSI), hi-tech, media and entertainment, and edtech..
 
Joseph Anantharaju, Executive Vice Chairman of Happiest Minds, said, “This strategic alliance enables us to harness our combined strengths and provide top-notch Salesforce solutions that are scalable and transformative. We are excited by the potential to swiftly expand our Salesforce business and enhance our capabilities.”
 
Shashin Shah, Founder and CEO of Solvio, said, "Our collaboration is a testament to our shared commitment to excellence and a future where Salesforce can create unprecedented value for businesses worldwide.”
 
The partnership will help customers strengthen their brand preferences and amplify their business growth. Through this combined partnership, Happiest Minds and Solvio will deliver cutting-edge Salesforce consulting and services on a global scale.
 
Happiest Minds Ltd has agreed to acquire a 100% stake in the US-based digital product engineering firm Aureus Tech Systems, LLC which marks the second acquisition by Happiest Minds within a month, following the purchase of Noida-based PureSoftware Technologies Pvt. Ltd on April 25 for up to ₹779 crore, aimed at bolstering capabilities in the BFSI sector.
 
The deal with Aureus Tech is expected to be finalized by the end of June this year, with Happiest Minds paying an upfront cash consideration of $8.5 million, the company said in a stock exchange filing on May 9. The acquisition will enhance Happiest Minds' domain capabilities in banking, financial services, insurance (BFSI), and healthcare and life sciences verticals, while also granting access to a prestigious group of customers.
 
On May 7, the Bengaluru-based company reported a 10.4% year-on-year increase in revenue to ₹417 crore for the fourth quarter, with profits rising by 25% to almost ₹72 crore. Happiest Minds' revenue grew by 13.7% for the full year.