Persistent Systems

Persistent Systems
Type Public
BSE: 533179
NSE: PERSISTENT
Industry Information Technology
Founded 1990 in Pune
Founder Anand Deshpande
Headquarters Pune, Maharashtra, India
Key people
  • Dr. Anand Deshpande
    (Founder, Chairman and Managing Director)
  • Sandeep Kalra
    (CEO and Executive Director)
  • Sunil Sapre
    (Chief Financial Officer and Executive Director)
Revenue Increase ₹8,350 crore (US$1.0 billion) (FY23)
Increase ₹921 crore (US$120 million) (FY23)
Number of employees
 21,000+
Website persistent.com

Persistent Systems is an Indian multinational technology services company which was incorporated on 16 May 1990. Persistent Systems is listed on the Bombay Stock Exchange and the National Stock Exchange. Shares in the company were listed on the National Stock Exchange of India in March 2010.

Activities

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

Pingala-Aryabhata, Persistent

Collaborations and Acquisitions

  • 2011: The operations of Nagpur-based Infospectrum India Private, an outsourced private development of US company Infospectrum, were taken over by Persistent in February 2011.
  • 2012: Persistent Systems Strengthens Product Maintenance & Support Business; Acquires Openwave’s Location Business
  • 2015: Persistent Systems completed the acquisition of the digital content management solutions business of US-based Akumina.
  • 2016: Persistent product arm Accelerite purchases Citrix's products CloudPlatform (Based on Apache Cloud Stack) and CloudPortal Business manager
  • 2016: Persistent acquires PRM Cloud Solutions - a Salesforce.com consulting partner, engaged in building digital experiences on Salesforce1 cloud platform.
  • 2016: Persistent Systems and REACHNet to Demonstrate Innovative Research Specific Informatics Infrastructure at HIMSS 2016 Conference
  • 2016: Persistent Systems Launches Specialized Engineering Services for IBM Watson IoT Platform
  • 2017: Persistent Systems Acquires PARX – Platinum Salesforce Consulting Partner in DACH Market
  • 2019: Persistent Systems Joins Siemens’ MindSphere Partner Program to Deliver Industrial IoT Services
  • 2019: Persistent Systems acquires experience to create Europe’s leading boutique Salesforce partner
  • 2020: Persistent Systems acquires CAPIOT to strengthen MuleSoft, TIBCO, and API-led integration capabilities
  • 2021: Persistent Systems acquires assets Sureline to bolster cloud migration capabilities
  • 2021: Persistent Systems acquires assets of Shree Partners to bolster cloud and IT Management capabilities
  • 2021: Persistent Systems acquires Software Corporation International and Fusion360 adding deep Payments solutions expertise
  • 2022: Persistent Systems acquires Data Glove and launches new Microsoft business unit with focus on Azure Cloud
  • 2022: Persistent Systems acquires Us-based company MediaAgility for nearly $72 million and launces new Google Cloud Business unit.