DBT Bureau
Bengaluru, 10 May
Mid-tier IT services firm, Happiest Minds Technologies said it would acquire a 100% stake in US-based digital product engineering company Aureus Tech Systems for $8.5 million, or around Rs 71 crore, in cash consideration.
“Through this acquisition, Happiest Minds strengthens its domain capabilities in insurance & reinsurance, healthcare, and life sciences verticals and product & digital engineering services (PDES) business,” the Bengaluru-based IT services firm said in a statement.
Aureus has a development centre in Hyderabad and is a niche native of Microsoft’s cloud computing platform Azure focused on digital and cloud transformation using data, AI, and application modernisation.
“Aureus strengthens our BFSI and healthcare industry groups, enhances our value proposition in these verticals, and contributes to our new customer acquisition initiatives,” said Joseph Anantharaju, executive vice chairman at Happiest Minds.
Happiest Minds has been aggressive in the M&A space since the beginning of this financial year. This is the company’s third acquisition in 2024-25 so far, with two acquisitions of PureSoftware Technologies and Macmillan Learning India announced in April.
Infosys becomes digital partner of Formula E racing
Infosys has announced a three-year contract with the ABB FIA Formula E World Championship, which is the global motorsport competition for electric cars, becoming its official digital innovation partner.
Under this contract, Infosys provides in-race analytics, superior fan engagement experiences, and enhanced sustainability reporting and tracking for the sporting event.
The partnership will focus on three primary areas – fan growth, technology innovation, and continued environmental stewardship. Infosys will help build an AI-powered fan customer data platform for Formula E.
Currently, the EV racing championship has a fan base of 400 million across the world, and with the AI-led innovation help from Infosys, it is aiming to engage 500 million fans by 2030, the company said.
SpaceX launches Starlink satellites from Southern California
SpaceX on Thursday launched 20 more Starlink satellites from Vandenberg Space Force Base, South California around 9:30 PM.
It was SpaceX’s 48th orbital launch in 2024.
