Thread by @imSbhardwaj1

Happiest Minds Technologies Ltd will acquire US-based Pimcore Global Services for USD 8.25 million (about ₹60 crore).

Houston-based Pimcore Global Services is a digital e-commerce and data management solutions company

Below is thread on pimcore global
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Pimcore is the only open source platform that combines modules for PIM/MDM (Product Information Management / Master Data Management), CMS (Content Management), DAM (Digital Asset Management) and eCommerce out-of-the-box.
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Strongly growing markets, high demand for open source
1. PIM:- The Product Information Management market is estimated to grow from USD 5.11 Billion in 2016 to USD 15.78 Billion by 2021 with a annual growth rate of 25.3%
#happiestmind
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2. DAM:- The Digital Asset Management (DAM) market is projected to grow from USD 2.44 billion in 2017 to USD 5.66 billion by 2022, at an annual growth rate of 18.3%
#happiestmind
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3. CMS:- The global web content management market size is estimated to grow from USD 4.9 billion in 2017 to USD 10.6 billion by 2022, at an annual growth rate of 16.7% during 2017–2022
#happiestmind
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4. E-commerce:-The e-commerce software application market will bring in over 4.4 billion USD in revenue in 2019. Between 2016 and 2022, overall market revenues will increase by over a billion USD
#happiestmind
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Why such a high demand for open source?
Economic benefits, endless innovations, a newfound freedom, and hundreds more advantages! The flexibility of a framework, that you are able to control and modify entirely to your exact needs.
#happiestmind
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A complete stack for digital transformation, compatible with AI/ML tools from Google, Facebook, and Amazon. Plus, it gives companies full ownership of their technology innovations.
#happiestmind
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Pimcore agencies are able to deliver EBITDA margins of 20% or more with 80% of revenue through regular clients.
In bse filing #happiestmind acquired 100% stake for US$10.6 mn revenue company for US$8.25mn. consider 20% Ebidta it can add nearly 15Cr to the HMT's PnL statement.
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#happiestmind . Management looks aggressive on acquisition of same kind of companies. Looks interesting.
Born digital, born agile.
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