Persistent Systems

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Persistent Systems Limited
Traded asBSE: 533179
NSE: PERSISTENT
IndustryIT Services
Founded1990, Pune, India
Headquartered in Pune, India
Founder(s)Anand Deshpande
Key people
  • Anand Deshpande
    (chairman)
  • Sandeep Kalra
    (president, Technology Services)
  • Atul Khadilkar
    (chief corporate development officer)
  • Jiani Zhang
    (president, IBM Alliance)
RevenueIncrease US$566.08 Million (FY19)[1]
Number of employees
10,000+
Websitepersistent.com

Persistent Systems is a 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]

Pingala-Aryabhata, Persistent

Collaborations and Acquisitions

  • 2019: Persistent Systems Joins Siemens’ MindSphere Partner Program to Deliver Industrial IoT Services[6]
  • 2017: Persistent Systems Acquires PARX – Platinum Salesforce Consulting Partner in DACH Market
  • 2016: Persistent Systems Launches Specialized Engineering Services for IBM Watson IoT Platform[7]
  • 2016: Persistent Systems and REACHNet to Demonstrate Innovative Research Specific Informatics Infrastructure at HIMSS 2016 Conference[8]
  • 2016: Persistent acquires PRM Cloud Solutions - a Salesforce.com consulting partner, engaged in building digital experiences on Salesforce1 cloud platform.[9]
  • 2016: Persistent product arm Accelerite purchases Citrix's products CloudPlatform (Based on Apache Cloud Stack) and CloudPortal Business manager[10]
  • 2015: Persistent Systems completed the acquisition of the digital content management solutions business of US-based Akumina.[11]
  • 2012: Persistent Systems Strengthens Product Maintenance & Support Business; Acquires Openwave’s Location Business[12]

References

  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 joins Siemens' MindSphere Partner Program for IoT solutions". The Economic Times. 3 May 2019. Retrieved 15 May 2019.
  7. ↑ Sangani, Priyanka (17 March 2016). "Persistent Systems launches specialised engineering services for IBM Watson IoT platform". The Economic Times. Retrieved 22 October 2019.
  8. ↑ "Persistent Systems and REACHNet to Demonstrate Innovative Research Specific Informatics Infrastructure at HIMSS 2016 Conference". 25 February 2016.
  9. ↑ "Persistent Systems acquires Australia's PRM Cloud Solutions". ETtech.com. Retrieved 18 March 2016.
  10. ↑ "Persistent Systems buys two cloud products from Citrix". ET Telecom. Retrieved 22 October 2019.
  11. ↑ Reporter, B. S. (17 November 2015). "Persistent Systems to acquire CMS business of US-based Akumina". Business Standard India. Retrieved 4 March 2021.
  12. ↑ "Persistent buys Openwave's location biz". Business Standard India. 3 February 2012. Retrieved 22 October 2019.

External links

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