Bengaluru: Happiest Minds Technologies, a next-generation digital transformation, infrastructure, security and product engineering services company, announced the acquisition of Cupola Technology – a specialized IoT services company with innovative solutions across the IoT lifecycle. 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.
“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 and 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 was founded in 2011 by Ajay Agrawal and Huzefa Saifee and 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.
“The addition of Cupola further strengthens our focus on the smart living, smart enterprise and smart industrial domains. We’ll now have end-to-end IoT offerings across devices, platforms, big data & analytics and smart visualization. Cupola’s IPs for gateway management, smart provisioning and asset management deepens our capabilities to conceptualize, develop and manage wide-scale IoT deployments,” said Sandeep Agarwal, Sr. Vice President and Head of the IoT COE at Happiest Minds Technologies.
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.”
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.