Happiest Minds Technologies has acquired Cupola Technology with innovative solutions across the IoT lifecycle. This strategic acquisition is in line with Happiest Minds’ vision to expand upon its IoT business by bringing in complementary frameworks.
“We have found that organizations 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 focussed towards driving customer value,” said Sashi Kumar, CEO & MD of Happiest Minds Technologies.
“IoT is an integral part of our business strategy and in the last 3 years, we have gained considerable market traction and won IoT business across industries like manufacturing, transportation, utilities and retail. In looking for a company with differentiated IoT offerings that would enable us to build on our momentum, we found Cupola to be just the right choice” said Ashok Soota, Executive Chairman of Happiest Minds Technologies.
Cupola Technology has delivered high value IoT projects to customers globally. Provided below are a few highlights:
· Designed and delivered an industrial IoT solution to manage plant personnel and assets for a US-based chemical factory.
· Developed an end-to-end IoT solution encompassing antenna management, premise management and weather monitoring for one of the largest Telcos in India.
· Opened new revenue streams for a Hong Kong based consumer electronics company by adding remote monitoring and management capabilities to their products.
Ajay Agrawal, Co-Founder and CEO of Cupola Technology, said, “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.”
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. Happiest Minds is committed to helping its customers connect, analyze and act on new data, integrate and transform business processes while benefiting from a secure and managed infrastructure.
Happiest Minds is on track to being the fastest Indian IT services company to reach a $100 million run rate and plans to go public within the next 3 years.