Persistent Systems
Indian technology company
Persistent Systems Ltd is an Indian multinational technology company based in Pune. Founded in 1990, it provides information technology and software engineering services.
01History
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. In 2005, Persistent raised $18.8 million from Norwest Venture Partners, and Gabriel Venture Partners.
Persistent Systems was listed on the National Stock Exchange of India and Bombay Stock Exchange in March 2010 after its initial public offering.
In 2014, Persistent Systems incorporated Accelerite, a wholly owned subsidiary based in Silicon Valley, as its software products arm. In 2016, Persistent Systems launched a specialized engineering service for IBM Watson IoT platform. In 2019, Persistent joined Siemens' MindSphere partner program to deliver industrial internet of things (IIoT) services.
Notable acquisitions
Sources and credits
This article is adapted from the Wikipedia article “Persistent Systems”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Images, from Wikimedia Commons:
- PSPL-Erandwane-Pune.jpg by Unknown author, PD
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