Persistent Systems

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India-headquartered technology company

title: "Persistent Systems" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["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"] description: "India-headquartered technology company" topic_path: "geography/india" source: "https://en.wikipedia.org/wiki/Persistent_Systems" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary India-headquartered technology company ::

::data[format=table title="Infobox company"]

FieldValue
namePersistent Systems
logoPersistent_Systems_Logo.svg
typePublic
traded_as

| | industry | Information technology | | foundation | | | hq_location | Pune, Maharashtra, India | | founder | Anand Deshpande | | key_people | | | revenue | (2025) | | operating_income | (2025) | | net_income | (2025) | | num_employees | 23,941 (December 2024) | | website | | | footnotes | Financials . | ::

| name = Persistent Systems | logo = Persistent_Systems_Logo.svg | type = Public | traded_as =

| industry = Information technology | foundation = | hq_location = Pune, Maharashtra, India | founder = Anand Deshpande | key_people = | revenue = (2025) | operating_income = (2025) | net_income = (2025) | num_employees = 23,941 (December 2024) | website = | footnotes = Financials . Persistent Systems is an Indian multinational technology services company based in Pune. It is primarily engaged in cloud computing, internet of things, endpoint security, big data analytics and software product engineering services.

History

::figure[src="https://upload.wikimedia.org/wikipedia/commons/1/14/PSPL-Erandwane-Pune.jpg" caption="Persistent's Pingala-Aryabhata campus in [[Pune"] ::

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 February 2011, Persistent took over the operations of Nagpur-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 consulting partner. In 2016, Persistent Systems launched a specialized engineering service for IBM Watson IoT platform.

In 2017, Persistent Systems acquired a Swiss company called Parx Werk. In 2019, Persistent joined Siemens' 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 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–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.

On 28 October 2024, Persistent completed the acquisition of Arrka Infosec Private Limited, a Pune-based data privacy management firm, for a total consideration of ₹14.4 crore.

In March 2025, Persistent completed the acquisition of Starfish Associates, a New Jersey–based enterprise communications automation firm, further expanding its AI‐powered contact center and unified communications offerings

References

References

  1. (16 May 2024). "Persistent Systems appoints former LTIMindtree exec Vinit Teredesai as chief financial officer".
  2. "Persistent Systems Q3 results: Net profit grows 30% YoY to Rs 373 crore, revenue up 23%". Moneycontrol.
  3. (24 April 2025). "Quarterly Results for FY 2024-25 - Fourth Quarter Ended March 31, 2025". Persistent Systems.
  4. (19 April 2024). "Persistent Systems Ltd".
  5. (3 September 2021). "Persistent's Deshpande joins club of billionaires". mint.
  6. "Persistent gets $18.8 million VC funding". Business Standard.
  7. (2010-03-19). "Persistent Systems IPO subscribed 93.3 times". Reuters.
  8. (3 February 2011). "Persistent takes over Infospectrum".
  9. (2012-02-03). "Persistent buys Openwave's location biz". Business Standard India.
  10. Reporter, B. S.. (2015-11-17). "Persistent Systems to acquire CMS business of US-based Akumina". Business Standard India.
  11. "Persistent Systems buys two cloud products from Citrix".
  12. (15 March 2016). "Persistent Systems acquires Australia's PRM Cloud Solutions". The Economic Times.
  13. Sangani, Priyanka. (2016-03-17). "Persistent Systems launches specialised engineering services for IBM Watson IoT platform". The Economic Times.
  14. "Persistent Systems to acquire Swiss firm Parx Werk". VCCircle.
  15. (3 May 2019). "Persistent Systems joins Siemens' MindSphere Partner Program for IoT solutions". The Economic Times.
  16. (25 June 2019). "Persistent Systems to acquire Youperience GmbH for up to 6.8 million euros". The Economic Times.
  17. "Persistent Systems to acquire US enterprise software firm Capiot". VCCircle.
  18. (21 May 2021). "Persistent Systems to acquire Sureline Systems for $2.5 million". mint.
  19. "Persistent Systems to acquire SCI, Shree Infosoft for $60 million". Business Standard.
  20. "Persistent Systems acquires US-based Data Glove for $90.5 million". Business Standard.
  21. (14 March 2022). "Persistent Systems acquires US-based MediaAgility for nearly $72 million".
  22. (15 March 2022). "Persistent acquiring MediaAgility for $ 71.71 million".
  23. (26 October 2024). "Persistent Systems Limited completed the acquisition of Arrka Infosec Private Limited". MarketScreener.
  24. (2024-09-30). "Persistent Systems acquires Pune-based data privacy management firm Arrka". The Economic Times.
  25. (2 March 2025). "Persistent Systems acquires Starfish Associates". Persistent Systems.
  26. (3 July 2024). "Persistent Systems buys US software firm Starfish Associates for Rs 173 crore". The Economic Times.

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

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