|Traded as||BSE: 533179
Mritunjay Singh COO
Dr. R. Venkateswaran, CTO
Abhay Jere, Head, Persistent Labs
Rohit Kamat, CFO
Mr. Amit Atre, Company Secretary and Head - Legal and Investor Relations
Sameer Bendre, Chief People Officer
Ranga Puranik, President, Persistent Systems Inc
|Revenue||$274.06 million USD for FY13-14|
Persistent Systems was incorporated as Persistent Systems Private Limited on May 30, 1990. It was subsequently converted into a public Limited company on September 17, 2007 with the name Persistent Systems Limited and a new certificate of incorporation was issued on September 28, 2007 from the RoC.
Shares in the company were listed on the National Stock Exchange of India in March 2010. The operations of Nagpur-based Infospectrum India Private, an outsourced private development of US company Infospectrum, were taken over by Persistent in February 2011.
Persistent has facilities in three continents, with nine development centers in Europe (Grenoble), America and Asia. In India, Persistent operates from Pune and houses teams of development engineers in three facilities, named Bhageerath, Pingala-Aryabhata and Hinjewadi, which are within a few miles of one another. Its other offices are spread across Nagpur, Goa, Hyderabad and Bangalore.
Collaborations and Acquisitions
2012: Persistent Systems Strengthens Product Maintenance & Support Business; Acquires Openwave’s Location Business
2011: Persistent acquires OPD business of Infospectrum, Inc and its subsidiary - Infospectrum India Private Limited.
2011: Sprint Nextel Corporation [NYSE:S] and Persistent Systems enter into a Joint Venture
2011: Persistent Systems acquires French Software Business from Agilent Technologies
2011: Persistent Systems Continues to Expand Footprint in Japan; Enters into a Strategic Partnership with Realcom
2011: Dassault Systèmes Partners with Persistent Systems in India
2009: Agilent Collaborates with Persistent Systems, Joins DriverCentral.net to Promote Multivendor Chromatography System Interoperability