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Line 1: {{Short description\|India-headquartered technology company}} ~~'''Persistent Systems Pvt. Ltd.''' is an Indian Software company.~~ {{Use dmy dates\|date=September 2016}} {{Use Indian English\|date=September 2016}} {{Infobox company \| name = Persistent Systems \| logo = Persistent_Systems_Logo.svg \| type = [[Public company\|Public]] \| traded_as = {{BSE\|533179}}<br/>{{NSE\|PERSISTENT}} \| industry = [[Information technology]] \| foundation = {{start date and age\|1990}} \| hq_location = [[Pune]], [[Maharashtra]], India \| founder = Anand Deshpande \| key_people = {{Unbulleted list\|Anand Deshpande (Chairman and [[Managing Director\|MD]])\|Sandeep Kalra ([[Chief executive officer\|CEO]])\|Vinit Teredesai ([[Chief financial officer\|CFO]])<ref>{{Cite web\|url=https://www.moneycontrol.com/technology/persistent-systems-appoints-former-ltimindtree-exec-vinit-teredesai-as-chief-financial-officer-article-12723535.html\|title=Persistent Systems appoints former LTIMindtree exec Vinit Teredesai as chief financial officer\|website=Money Control\|date=16 May 2024\|language=en-US\|access-date=30 June 2024}}</ref>}} \| revenue = {{Increase}} {{INRConvert\|11938\|c}} (2025) \| operating_income = {{Increase}} {{INRConvert\|1822\|c}} (2025) \| net_income = {{up}} {{INRConvert\|1400\|c}} (2025) \| num_employees = 23,941 (December 2024)<ref>{{cite news \|title=Persistent Systems Q3 results: Net profit grows 30% YoY to Rs 373 crore, revenue up 23% \|url=https://www.moneycontrol.com/news/business/earnings/persistent-systems-q3-results-net-profit-grows-30-yoy-to-rs-373-crore-revenue-up-23-12917140.html \|access-date=28 May 2025 \|work=Moneycontrol}}</ref> \| website = {{URL\|persistent.com}} \| footnotes = Financials {{as of\|2025\|03\|31\|lc=y\|df=yes}}.<ref>{{cite news \|title=Quarterly Results for FY 2024-25 - Fourth Quarter Ended March 31, 2025 \|url=https://www.persistent.com/wp-content/uploads/2025/04/press-release-q4fy25.pdf \|access-date=2 May 2025 \|work=Persistent Systems \|date=24 April 2025 \|language=en}}</ref> }} '''Persistent Systems''' is an Indian multinational [[Technology company\|technology services company]] based in [[Pune]]. It is primarily engaged in [[cloud computing]], [[internet of things]], [[endpoint security]], [[big data]] [[Data analytics\|analytics]] and [[Software product management\|software product engineering]] services.<ref>{{cite web \|title=Persistent Systems Ltd \|url=https://www.morningstar.com/stocks/xnse/persistent/quote \|website=Morningstar, Inc. \|access-date=22 April 2024 \|language=en \|date=19 April 2024}}</ref> ==History== ~~== Board Of Directors ==~~ [[File:PSPL-Erandwane-Pune.jpg\|right\|thumb\|Persistent's Pingala-Aryabhata campus in [[Pune]]]] Anand Deshpande - Founder, Chairman and Managing Director<br/> Persistent Systems was founded in 1990 by Anand Deshpande, a former [[Hewlett-Packard]] employee, with an investment of $21,000. In 2000, [[Intel Capital]] invested $1 million in the company for a 3.5% stake.<ref>{{cite news \|last1=Sonavane \|first1=Ravindra N. \|title=Persistent's Deshpande joins club of billionaires \|url=https://www.livemint.com/companies/people/persistent-systems-cmd-anand-deshpande-turns-billionaire-11630639832997.html \|access-date=22 April 2024 \|work=mint \|date=3 September 2021 \|language=en}}</ref> In 2005, Persistent raised $18.8 million from [[Norwest Venture Partners]] and Gabriel Venture Partners.<ref>{{cite news \|title=Persistent gets $18.8 million VC funding \|url=https://www.business-standard.com/article/technology/persistent-gets-18-8-million-vc-funding-105120801100_1.html \|access-date=22 April 2024 \|work=Business Standard}}</ref> S P Deshpande - Co-Founder and Director <br/> Ashutosh Joshi <br/> Ajit Tamhankar <br/> Shridhar Shukla<br/> Sandeep Johri <br/> P B Kulkarni <br/> Krithi Ramamritham<br/> Persistent Systems was listed on the [[National Stock Exchange of India]] and [[Bombay Stock Exchange]] in March 2010 after its [[initial public offering]].<ref>{{Cite news\|url=https://in.reuters.com/article/idINIndia-47067220100319\|archive-url=https://web.archive.org/web/20191022104106/https://in.reuters.com/article/idINIndia-47067220100319\|url-status=dead\|archive-date=22 October 2019\|title=Persistent Systems IPO subscribed 93.3 times\|date=2010-03-19\|work=Reuters\|access-date=2019-10-22\|language=en}}</ref> In February 2011, Persistent took over the operations of [[Nagpur]]-based Infospectrum India.<ref name="Takeover2">{{Cite web \|date=3 February 2011 \|title=Persistent takes over Infospectrum \|url=https://timesofindia.indiatimes.com/city/nagpur/Persistent-takes-over-Infospectrum/articleshow/7415127.cms \|access-date=2019-10-22 \|website=The Times of India \|language=en}}</ref> In 2012, Persistent Systems acquired Openwave's ___location business.<ref>{{Cite news \|date=2012-02-03 \|title=Persistent buys Openwave's ___location biz \|work=Business Standard India \|url=https://www.business-standard.com/article/companies/persistent-buys-openwave-s-___location-biz-112020300082_1.html \|access-date=2019-10-22}}</ref> ~~== Contact Details ==~~ In 2015, Persistent Systems completed the acquisition of the digital content management solutions business of US-based Akumina.<ref>{{Cite news \|last=Reporter \|first=B. S. \|date=2015-11-17 \|title=Persistent Systems to acquire CMS business of US-based Akumina \|work=Business Standard India \|url=https://www.business-standard.com/article/companies/persistent-systems-to-acquire-us-based-akumina-115111700733_1.html \|access-date=2021-03-04}}</ref> In 2016, Persistent product arm Accelerite purchased [[Citrix]]'s products CloudPlatform (based on [[Apache CloudStack]]) and CloudPortal Business Manager.<ref>{{Cite web \|title=Persistent Systems buys two cloud products from Citrix \|url=http://telecom.economictimes.indiatimes.com/news/persistent-systems-buys-two-cloud-products-from-citrix/50544683 \|access-date=2019-10-22 \|website=ET Telecom \|language=en}}</ref> In 2016, Persistent acquired PRM Cloud Solutions, a [[Salesforce]] consulting partner.<ref>{{cite news \|last1=Sangani \|first1=Priyanka \|date=15 March 2016 \|title=Persistent Systems acquires Australia's PRM Cloud Solutions \|newspaper=The Economic Times \|url=http://www.ETtech.com/Citetent-systems-acquires-australias-prm-cloud-solutions/51407075 \|access-date=2016-03-18}}</ref> In 2016, Persistent Systems launched a specialized engineering service for [[IBM Watson]] [[Internet of Things\|IoT]] platform.<ref>{{Cite news \|last=Sangani \|first=Priyanka \|date=2016-03-17 \|title=Persistent Systems launches specialised engineering services for IBM Watson IoT platform \|work=The Economic Times \|url=https://economictimes.indiatimes.com/tech/internet/persistent-systems-launches-specialised-engineering-services-for-ibm-watson-iot-platform/articleshow/51431109.cms \|access-date=2019-10-22}}</ref> In 2017, Persistent Systems acquired a Swiss company called Parx Werk.<ref>{{cite news \|title=Persistent Systems to acquire Swiss firm Parx Werk \|url=https://www.vccircle.com/persistent-systems-to-acquire-swiss-firm-parx-werk \|access-date=22 April 2024 \|work=VCCircle}}</ref> In 2019, Persistent joined [[Siemens]]' [[MindSphere]] partner program to deliver [[industrial internet of things]] (IIoT) services.<ref>{{Cite news \|date=3 May 2019 \|title=Persistent Systems joins Siemens' MindSphere Partner Program for IoT solutions \|work=The Economic Times \|url=https://economictimes.indiatimes.com/tech/internet/persistent-systems-joins-siemens-mindsphere-partner-program-for-iot-solutions/articleshow/69157093.cms \|access-date=15 May 2019}}</ref> In 2019, Persistent Systems acquired Youperience, a Salesforce implementation company.<ref>{{cite news \|title=Persistent Systems to acquire Youperience GmbH for up to 6.8 million euros \|url=https://economictimes.indiatimes.com/tech/ites/persistent-systems-to-acquire-youperience-gmbh-for-up-to-6-8-million-euros/articleshow/69948947.cms \|access-date=22 April 2024 \|work=The Economic Times \|date=25 June 2019}}</ref> In 2020, the company acquired US-based [[enterprise software]] firm Capiot Software.<ref>{{cite news \|title=Persistent Systems to acquire US enterprise software firm Capiot \|url=https://www.vccircle.com/persistent-systems-to-acquire-us-enterprise-software-firm-capiot \|access-date=22 April 2024 \|work=VCCircle}}</ref> In 2021, Persistent Systems acquired certain assets of Sureline Systems, a [[Cloud computing\|cloud migration]] company.<ref>{{cite news \|last1=Baruah \|first1=Ayushman \|title=Persistent Systems to acquire Sureline Systems for $2.5 million \|url=https://www.livemint.com/companies/news/persistent-systems-to-acquire-sureline-systems-for-2-5-million-11621591476083.html \|access-date=22 April 2024 \|work=mint \|date=21 May 2021 \|language=en}}</ref> In 2021, Persistent acquired Software Corporation International (SCI) and its affiliate company Fusion360 for $53 million.<ref name="shree">{{cite news \|title=Persistent Systems to acquire SCI, Shree Infosoft for $60 million \|url=https://www.business-standard.com/article/companies/persistent-systems-to-acquire-sci-shree-infosoft-for-60-million-121092901076_1.html \|access-date=22 April 2024 \|work=Business Standard}}</ref> It also announced the acquisition of Shree Partners, a [[New Jersey]]–based IT and [[cloud management]] company.<ref name="shree"/> In February 2022, Persistent acquired the American consulting firm Data Glove for $90.5 million.<ref>{{cite news \|title=Persistent Systems acquires US-based Data Glove for $90.5 million \|url=https://www.business-standard.com/article/companies/persistent-systems-acquires-us-based-data-glove-for-90-5-million-122021000644_1.html \|access-date=22 April 2024 \|work=Business Standard}}</ref> In March 2022, it acquired the American cloud computing services company MediaAgility for $71.71 million.<ref>{{cite web \|date=14 March 2022 \|title=Persistent Systems acquires US-based MediaAgility for nearly $72 million \|url=https://www.livemint.com/companies/news/persistent-systems-acquires-us-based-mediaagility-for-nearly-72-million-11647272170890.html}}</ref><ref>{{cite web \|date=15 March 2022 \|title=Persistent acquiring MediaAgility for $ 71.71 million \|url=https://www.financialexpress.com/industry/persistent-acquiring-mediaagility-for-71-71-million/2461069/}}</ref> In 2024, Persistent acquired Starfish Associates, developer of an enterprise communications automation platform, for $20 million.<ref>{{cite news \|title=Persistent Systems buys US software firm Starfish Associates for Rs 173 crore \|url=https://economictimes.indiatimes.com/tech/information-tech/persistent-systems-buys-us-software-firm-starfish-associates-for-rs-173-crore/articleshow/111453849.cms \|access-date=16 July 2024 \|work=The Economic Times \|date=3 July 2024}}</ref> On Sept 30, 2024, Persistent Systems declared its intention to acquire Arrka, a Pune-based data privacy management firm for a consideration of Rs 14.4 crore.<ref>{{Cite news \|date=2024-09-30 \|title=Persistent Systems acquires Pune-based data privacy management firm Arrka \|url=https://economictimes.indiatimes.com/tech/information-tech/persistent-systems-acquires-pune-based-data-privacy-management-firm-arrka/articleshow/113819695.cms?from=mdr \|access-date=2024-10-07 \|work=The Economic Times \|issn=0013-0389}}</ref> ==Activities== The company organizes an annual [[hackathon]] called Semicolons for its employees.<ref>{{Cite web\|url=https://digitalgoa.com/persistent-systems-employees-code-for-a-cause/\|title=Persistent Systems Employees Code for a Cause\|website=Digital Goa\|date= 16 May 2016\|language=en-US\|access-date=2019-10-22}}</ref> The company also organizes [[IBM]]'s Call for Code hackathon at its Goa, Nagpur and Pune offices.<ref>{{Cite news\|url=https://economictimes.indiatimes.com/tech/software/persistent-systems-to-host-12-hour-hackathon-under-ibms-call-for-code-initiative/articleshow/65461894.cms\|title=Persistent Systems to host 12-hour hackathon under IBM's Call for Code initiative\|date=2018-08-19\|work=The Economic Times\|access-date=2019-10-22}}</ref> ==References== {{reflist\|30em}} ~~Bhageerath<br/>~~ ~~Persistent Systems Pvt Ltd <br/>~~ ~~402, Senapati Bapat Road<br/>~~ ~~Pune 411016<br/>~~ ~~India <br/>~~ ~~Tel: +91 (20) 2570 2000 <br/>~~ ~~Fax: +91 (20) 2570 2702 <br/>~~ ==External links== * {{Official website\|https://www.persistent.com}} *[http://www.persistentsys.com/ Persistent Systems] {{Authority control}} [[Category:~~Companies~~Software companies of India]] [[Category:~~Software~~Indian companies~~]][[Category:Software~~ ~~companies~~established ofin ~~India~~1990]] [[Category:Companies based in Pune]] [[Category:Technology companies of India]] [[Category:Software companies established in 1990]] [[Category:Technology companies established in 1990]] [[Category:1990 establishments in Maharashtra]] [[Category:Companies listed on the National Stock Exchange of India]] [[Category:Companies listed on the Bombay Stock Exchange]]