Persistent Systems is an Indian multinational technology services company based in

Pune Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...

. It is primarily engaged in

cloud computing Cloud computing is "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on-demand," according to International Organization for ...

internet of things Internet of things (IoT) describes devices with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communication networks. The IoT encompasse ...

endpoint security Endpoint security or endpoint protection is an approach to the protection of computer networks that are remotely bridged to client devices. The connection of endpoint devices such as laptops, tablets, mobile phones, and other wireless devices t ...

big data Big data primarily refers to data sets that are too large or complex to be dealt with by traditional data processing, data-processing application software, software. Data with many entries (rows) offer greater statistical power, while data with ...

analytics Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data, which also falls under and directly relates to the umbrella term, data sc ...

and software product engineering services.

History

Persistent Systems was founded in 1990 by Anand Deshpande, a former

Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company. It was founded by Bill Hewlett and David Packard in 1939 in a one-car garage in Palo Alto, California ...

employee, with an investment of $21,000. In 2000,

Intel Capital Intel Capital Corporation started off as the investment arm of Intel Corporation in 1991 and in January 2025, it spun off as a standalone investment fund. Intel Capital makes equity investments in a range of technology startups and companies off ...

invested $1 million in the company for a 3.5% stake. In 2005, Persistent raised $18.8 million from

Norwest Venture Partners Norwest Venture Partners (Norwest) is an American venture and growth equity investment firm. The firm targets early to late-stage venture and growth equity investments across several sectors, including cloud computing and information technology, ...

and Gabriel Venture Partners. Persistent Systems was listed on the

National Stock Exchange of India National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is an Indian stock exchange based in Mumbai. It is the List of stock exchanges, 5th largest stock exchange in the world by total market capitalization, ...

and

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with t ...

in March 2010 after its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

. In February 2011, Persistent took over the operations of

Nagpur Nagpur (; ISO 15919, ISO: ''Nāgapura'') is the second capital and third-largest city of the Indian state of Maharashtra. It is called the heart of India because of its central geographical location. It is the largest and most populated city i ...

-based Infospectrum India. In 2012, Persistent Systems acquired Openwave's location business. In 2015, Persistent Systems completed the acquisition of the digital content management solutions business of US-based Akumina. In 2016, Persistent product arm Accelerite purchased Citrix's products CloudPlatform (based on Apache CloudStack) and CloudPortal Business Manager. In 2016, Persistent acquired PRM Cloud Solutions, a

Salesforce Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and ap ...

consulting partner. In 2016, Persistent Systems launched a specialized engineering service for

IBM Watson IBM Watson is a computer system capable of answering questions posed in natural language. It was developed as a part of IBM's DeepQA project by a research team, led by principal investigator David Ferrucci. Watson was named after IBM's fou ...

IoT platform. In 2017, Persistent Systems acquired a Swiss company called Parx Werk. In 2019, Persistent joined

Siemens Siemens AG ( ) is a German multinational technology conglomerate. It is focused on industrial automation, building automation, rail transport and health technology. Siemens is the largest engineering company in Europe, and holds the positi ...

' MindSphere partner program to deliver industrial internet of things (IIoT) services. In 2019, Persistent Systems acquired Youperience, a Salesforce implementation company. In 2020, the company acquired US-based

enterprise software Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than its individual users. Enterprise software is an integral part of a computer-based information ...

firm Capiot Software. In 2021, Persistent Systems acquired certain assets of Sureline Systems, a cloud migration company. In 2021, Persistent acquired Software Corporation International (SCI) and its affiliate company Fusion360 for $53 million. It also announced the acquisition of Shree Partners, a

New Jersey New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeas ...

–based IT and cloud management company. In February 2022, Persistent acquired the American consulting firm Data Glove for $90.5 million. In March 2022, it acquired the American cloud computing services company MediaAgility for $71.71 million. In 2024, Persistent acquired Starfish Associates, developer of an enterprise communications automation platform, for $20 million. 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.

Activities

The company organizes an annual

hackathon A hackathon (also known as a hack day, hackfest, datathon or codefest; a portmanteau of '' hacking'' and ''marathon'') is an event where people engage in rapid and collaborative engineering over a relatively short period of time such as 24 or 48 h ...

called Semicolons for its employees. The company also organizes

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

's Call for Code hackathon at its Goa, Nagpur and Pune offices.

References

External links

* {{Authority control Software companies of India Indian companies established in 1990 Companies based in Pune Technology companies of India Software companies established in 1990 Technology companies established in 1990 1990 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange