Persistent Systems

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Persistent Systems
Traded asBSE: 533179
NSE: PERSISTENT
IndustryIT Services
Founded1990, Pune, India
Headquartered in Pune, India
Founder(s)Dr. Anand Deshpande
Key people
  • Dr. Anand Deshpande
    (Founder, Chairman and Managing Director)
  • Sandeep Kalra
    (CEO and Executive Director)
  • Sunil Sapre
    (Chief Financial Officer and Executive Director)
RevenueIncrease US$766.08 Million (FY21)[1]
Number of employees
21,000+
Websitepersistent.com

Persistent Systems is an Indian multinational technology services company which was incorporated on 16 May 1990 as Persistent Systems Private Limited. Persistent Systems is listed on the Bombay Stock Exchange (BSE: 533179) and the National Stock Exchange (NSE: PERSISTENT).

Shares in the company were listed on the National Stock Exchange of India in March 2010.[2] The operations of Nagpur-based Infospectrum India Private, an outsourced private development of US company Infospectrum, were taken over by Persistent in February 2011.[3]

The company organizes an annual hackathon called Semicolons for its employees.[4] The company also organizes IBM's Call for Code hackathon at its Goa, Nagpur and Pune offices.[5]

File:PSPL-Erandwane-Pune.jpg
Pingala-Aryabhata, Persistent

Controversy[edit]

An investigation by The Wire allegedly found that Persistent Systems was involved in the production and management of Tek Fog, a software used by the BJP to manage inauthentic accounts en masse on social media, and hijack WhatsApp accounts to message propaganda to contacts while impersonating the account owner. According to the Wire, an internal source within Persistent System confirmed the involvement of the company, with 17,000 assets connected to Tek Fog developed by the company.

Persistent Systems conducted an internal investigation which revealed no interaction with either the development of the app, or ShareChat's parent Mohalla Tech.[6]

Collaborations and Acquisitions[edit]

  • 2022: Persistent Systems acquires Us-based company MediaAgility for nearly $72 million and klaunces new Google Cloud Business unit.
  • 2022: Persistent Systems acquires Data Glove and launches new Microsoft business unit with focus on Azure Cloud [7]
  • 2021: Persistent Systems acquires Software Corporation International and Fusion360 adding deep Payments solutions expertise[8]
  • 2021: Persistent Systems acquires assets of Shree Partners to bolster cloud and IT Management capabilities[9]
  • 2021: Persistent Systems acquires assets Sureline to bolster cloud migration capabilities[10]
  • 2020: Persistent Systems acquires CAPIOT to strengthen MuleSoft, TIBCO, and API-led integration capabilities[11]
  • 2019: Persistent Systems acquires experience to create Europe’s leading boutique Salesforce partner[12]
  • 2019: Persistent Systems Joins Siemens’ MindSphere Partner Program to Deliver Industrial IoT Services[13]
  • 2017: Persistent Systems Acquires PARX – Platinum Salesforce Consulting Partner in DACH Market
  • 2016: Persistent Systems Launches Specialized Engineering Services for IBM Watson IoT Platform[14]
  • 2016: Persistent Systems and REACHNet to Demonstrate Innovative Research Specific Informatics Infrastructure at HIMSS 2016 Conference[15]
  • 2016: Persistent acquires PRM Cloud Solutions - a Salesforce.com consulting partner, engaged in building digital experiences on Salesforce1 cloud platform.[16]
  • 2016: Persistent product arm Accelerite purchases Citrix's products CloudPlatform (Based on Apache Cloud Stack) and CloudPortal Business manager[17]
  • 2015: Persistent Systems completed the acquisition of the digital content management solutions business of US-based Akumina.[18]
  • 2012: Persistent Systems Strengthens Product Maintenance & Support Business; Acquires Openwave’s Location Business[19]

References[edit]

  1. ↑ "Persistent Systems net profit up 14.6%". The Economic Times. 28 April 2019. Retrieved 22 October 2019. In dollar terms, revenue was up 2.2 per cent at $480.97 million.
  2. ↑ "Persistent Systems IPO subscribed 93.3 times". Reuters. 19 March 2010. Retrieved 22 October 2019.
  3. ↑ "Persistent takes over Infospectrum". The Times of India. 3 February 2011. Retrieved 22 October 2019.
  4. ↑ "Persistent Systems Employees Code for a Cause". Digital Goa. 16 May 2016. Retrieved 22 October 2019.
  5. ↑ "Persistent Systems to host 12-hour hackathon under IBM's Call for Code initiative". The Economic Times. 19 August 2018. Retrieved 22 October 2019.
  6. ↑ "Persistent Systems says internal investigation reveals no involvement in Tek Fog". Moneycontrol. Retrieved 23 February 2022.
  7. ↑ "Persistent Announces Acquisition of Data Glove & Launches New Microsoft Business Unit". Persistent Systems. Retrieved 23 February 2022.
  8. ↑ "Persistent Announces a Dedicated Payments Business Unit & Expands Cloud Capabilities". Persistent Systems. Retrieved 23 February 2022.
  9. ↑ "Persistent Announces a Dedicated Payments Business Unit & Expands Cloud Capabilities". Persistent Systems. Retrieved 23 February 2022.
  10. ↑ "Persistent Bolsters Cloud Migration with Sureline Systems". Persistent Systems. 20 May 2021. Retrieved 23 February 2022.
  11. ↑ "Persistent Systems announced to acquire CAPIOT". Persistent Systems. Retrieved 23 February 2022.
  12. ↑ "Persistent acquires youperience™". Persistent Systems. Retrieved 23 February 2022.
  13. ↑ "Persistent Systems joins Siemens' MindSphere Partner Program for IoT solutions". The Economic Times. 3 May 2019. Retrieved 15 May 2019.
  14. ↑ Sangani, Priyanka (17 March 2016). "Persistent Systems launches specialised engineering services for IBM Watson IoT platform". The Economic Times. Retrieved 22 October 2019.
  15. ↑ "Persistent Systems and REACHNet to Demonstrate Innovative Research Specific Informatics Infrastructure at HIMSS 2016 Conference". 25 February 2016.
  16. ↑ "Persistent Systems acquires Australia's PRM Cloud Solutions". ETtech.com. Retrieved 18 March 2016.
  17. ↑ "Persistent Systems buys two cloud products from Citrix". ET Telecom. Retrieved 22 October 2019.
  18. ↑ Reporter, B. S. (17 November 2015). "Persistent Systems to acquire CMS business of US-based Akumina". Business Standard India. Retrieved 4 March 2021.
  19. ↑ "Persistent buys Openwave's location biz". Business Standard India. 3 February 2012. Retrieved 22 October 2019.

https://www.livemint.com/companies/news/persistent-systems-acquires-us-based-mediaagility-for-nearly-72-million-11647272170890.html https://www.financialexpress.com/industry/persistent-acquiring-mediaagility-for-71-71-million/2461069/

External links[edit]

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