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Ashok Soota Launches 'Happiest Minds'
By siliconindia
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Tuesday, 30 August 2011, 23:47 IST
Apart from IT services businesses, Happiest Minds will also focus on software product engineering, infrastructure and managed services and security businesses. The company expects 50 per cent of its revenues to come from IT services business, while the rest would come from software product engineering and other businesses.
Though Happiest Minds will be headquartered at electronics city and would have bases in the U.S. and in the UK as well as the rest of Europe, Singapore and the Middle-East. They have plans to extend other overseas markets later.
They would have their U.S. offices at New Jersey, Bay Area and Seattle, CEO (Software Product Engineering Business) Joseph Anantharaju informed to Media.
According to Aurobinda Nanda who is a COO of Software Product Engineering, the company has already got a Client and Soota added to that, We have a first customer. We have raised our first invoice and it's not from any of our previous companies.
When media asked Soota about the role of a new IT service company during a period when the world is facing financial turbulence, he replied that some of the most successful companies in the world were launched at the time of the recession. It might cause some trouble for large and mid-sized players but it will be an opportunity for us. He gives an example of when large players halt hiring, it offers us an opportunity for finding right talents, he added.
You might notice that we have not entered R&D businesses, which is the heart of Wipro software when I began. Everybody says it is a business dear to my heart. At this point of time, we believe a business needs a more differentiated strategy, Soota said.
