Welcome!

@CloudExpo Authors: Elizabeth White, Liz McMillan, Harry Trott, Ken Schwaber, Mike Puglia

News Feed Item

Happiest Minds Reports 122% Revenue Growth

Happiest Minds Technologies, a next generation IT Solutions & Services Company today announced its second year financial results reporting 122% dollar growth in the year 2013-14 and an annualized run rate of $ 34 mn. Strong business momentum continued with the company building a base of 79 customers. Out of these, 9 customers are Fortune 500 companies, 9 customers provided $1 million plus revenue contribution and 2 customers brought in $5 million in revenues.

74% of Happiest Minds’ revenue came from disruptive technology projects validating its focus on these core technologies. The strong customer base and business momentum is a result of enterprises embracing these disruptive technologies to implement omni-channel strategies, managing structured & unstructured data and making real time decisions based on actionable insights, while ensuring security for data and infrastructure.

Happiest Minds “Smilestones” in year ending March 2014

  • Achieves $ 34 mn run rate, a record for Indian IT Services Company in second full financial year.
  • Achieves dollar growth rate of 122% and rupee growth of 149%.
  • Team size of 1250 persons, also a record.
  • Launches new disruptive technologies Practice – Internet of Things (IoT)/ M2M.

Ashok Soota, Executive Chairman, Happiest Minds, said, “I am very excited about our momentum so far. Our focus on disruptive technologies which I term as “SMAC plus” has helped customers innovate in their businesses. This differentiated strategy has enabled us to develop a wonderful customer base and execute transformative projects. Our theme of Smart Secure Connected experience powered by “SMAC plus” technologies is resonating well in the market and providing a platform for future growth.”

Vikram Gulati, MD & CEO, Happiest Minds, further added, “As industries such as Retail, BFSI, CPG, Manufacturing, Hi tech, Media and Entertainment work towards providing immersive customer experience across all channels, the need for “SMAC plus” technologies is growing. In accordance with our strategy of introducing newer disruptive technologies as they emerge, we launched in FY14 a Practice for the Internet of Things & Machine to Machine Solutions (IoT / M2M).

Some of the projects delivered by Happiest Minds based on the theme of Smart Secure Connected include:

  • Personalized Recommendations Engine powered by Big Data Analytics resulted in increase sales conversations for a Retailer
  • Improved productivity with Automated Agent Performance Analytics for a Life Insurance Major
  • Mobile strategy, roadmap & architecture definition for a Leading Data & Information Provider
  • Mobile & NFC based Inventory Management & Ordering system for a Retailer
  • Created 360 Degree view of customers powered by Big Data Platform for a leading publishing company
  • Reduced revenue leakage using Audit Analytics solution for Airlines
  • Cloud Integration of SaaS & On-premise application for a Hi-tech major
  • Mobile Centred Transformation for a leading Travel & Leisure company
  • Application migration to a Virtualized Platform for an ICT Infrastructure provider
  • Cloud Application Support for a leading Global Education Services provider
  • Managed Services for Network and Security for a leading Media Company
  • IPV6 Assessment on Network Infrastructure (LAN /WAN /Wireless and Network Security)

A significant investment area for Happiest Minds for FY15 is R&D for developing platforms, solution accelerators and new IP led services.

Having created solid foundation with an experienced team of 1250 people and 16 global offices, Happiest Minds is on track to become the fastest Indian IT Services company to achieve $ 100 mn in revenue as it progresses towards its goal of becoming a Public company.

About Happiest Minds Technologies Pvt. Ltd.

Happiest Minds is focused on helping customers build Smart, Secure, Connected experience by leveraging disruptive technologies like mobility, analytics, security, cloud computing, social computing and unified communications. Enterprises are embracing these technologies to implement Omni-channel strategies, manage structured & unstructured data and make real time decisions based on actionable insights, while ensuring security for data and infrastructure. Happiest Minds also offers high degree of skills, IPs and domain expertise across a set of focused areas that include IT Services, Product Engineering Services, Infrastructure Management, Security, Testing and Consulting.

Headquartered in Bangalore, India, Happiest Minds has operations in the US, UK, Singapore and Australia. It secured a $45 million Series-A funding led by Canaan Partners, Intel Capital and Ashok Soota.

For more information, visit http://www.happiestminds.com.

Follow us on:
Twitter
Facebook
LinkedIn

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
@ThingsExpo has been named the ‘Top WebRTC Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @ThingsExpo ranked as the number one ‘WebRTC Influencer' followed by @DevOpsSummit at 55th.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
The unique combination of Amazon Web Services and Cloud Raxak, a Gartner Cool Vendor in IT Automation, provides a seamless and cost-effective way of securely moving on-premise IT workloads to Amazon Web Services. Any enterprise can now leverage the cloud, manage risk, and maintain continuous security compliance. Forrester's analysis shows that enterprises need automated security to lower security risk and decrease IT operational costs. Through the seamless integration into Amazon Web Services, ...
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.