Bangalore-based IT infrastructure, security, and product engineering services company Happiest Minds Technologies has acquired OSSCube, a US-based digital transformation company which modernizes legacy systems. The acquisition will help the company expand its portfolio of offerings in the digital consulting space, especially open source platforms. The company says that the acquisition will also significantly strengthen the company’s ground game in North America and build a digital offerings stack.
Following the acquisition, OSSCube’s team of 240 members will join Happiest Minds, and the co-founder of OSSCube, Lavanya Rastogi will become the CEO of Happiest Minds’ DTES business.
Note this is Happiest Minds second acquisition this month and it acquired Cupola to expand its IOT offerings.
Happiest Mind funding
The company offers IoT platform for analytics and tracking, provides enterprise solutions like web development, big data, cloud services, managed IT services, IT security, among others. The company focuses on industries like ecommerce, automotive, Banking, Manufacturing, publishing, etc. It has offices in the US, UK, The Netherlands, Australia, Middle East and Turkey.
IoT space in India
The IoT space in India is slowly picking up pace. Companies like Reliance Communications, Jio, Wipro, Spice Mobility, Cisco, etc. have already made its presence in the industry by launching new services or partnering with new brands. Here are some of the highlights in the industry in the past few months:
– Last month, RCOM’s IoT business unit, Unlimit had partnered with software provider Cumulocity to launch a platform which allows businesses to connect devices over any network, and manage and store data.
– Wipro joined the LoRa Alliance in March to develop IoT solution using Low Power Wide Area Networks (LPWAN) technology for its customers.
– In February, Jio had partnered with US-based AirWire to use AirWire as the backend for its ‘Jio Car Connect’ device which was announced in September last year. The telco is also gearing up to launch connected home solutions.
– Reliance Industries Limited which owns the Jio brand had tied up with General Electric (GE) in November last year. At that time, RIL said that it will provide its partner infrastructure and connectivity via the Jio network.
– In the same month, consumer tech maker Spice Mobility had set up a fully owned IoT subsidiary.