Happiest Minds strengthens IoT business with Cupola acquisition

BENGALURU: IT services company, Happiest Minds Technologies, headquartered in Bengaluru,  has acquired a specialized IoT company Cupola Technology. This strategic acquisition is in line with Happiest Minds’ vision to expand upon its already thriving IoT business by bringing in complimentary frameworks, ready to use solutions and marquee customers.

Cupola Technology was founded in 2011 by Ajay Agrawal and Huzefa Saifee. The company so far has delivered high value IoT projects to customers globally.

“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 focused 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.

Sandeep Agarwal, Sr Vice President and Head of the IoT COE at Happiest Minds Technologies says that the addition of Cupola further strengthens the company’s focus on the smart living, smart enterprise and smart industrial domains. He believes that Cupola’s IPs for gateway management, smart provisioning and asset management deepens Happiest Mind’s capabilities to conceptualize, develop and manage wide-scale IoT deployments.

Speaking about his decision to be a part of Happiest Minds, 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”

The founders of Happiest Minds say that the company 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.