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Persistent Systems Limited — M&A Activity 2019
Jun 26, 2019
60826_rns_2019-06-26_4d35fb8a-e81d-438b-99bc-4aa98a1e629e.pdf
M&A Activity
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NSE & BSE / 2019-20 / 29
PERSISTENT
June 26, 2019
The Manager, Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400051
The Manager, Corporate Services, BSE Limited 14[th ] Floor, P J Towers, Dalal Street, Mumbai 400001
Ref: Symbol: PERSISTENT
Ref: Scrip Code: 533179
Dear Sir/ Madam,
Sub: Persistent acquires youperience[™] , bringing it together with PARX to create Europe's leading boutique Salesforce partner
We wish to inform you that the Company has made a press release dated June 26, 2019 titled "Persistent acquires youperience[™] , bringing it together with PARX to create Europe's leading boutique Salesforce partner".
The copy of the Press Release is enclosed for your records.
Please acknowledge the receipt.
Thanking you,
Yours faithfully,
For Persistent Systems Limited
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Neelam Jethani Senior Executive - Corporate Secretarial
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Encl.: As above
Persistent Systems Limited, Bhageerath, 402, Senapatl Bapat Road, Pune 411016 I Tel : +91 (20) 670 30000 Persistent Systems Inc., 2055, Laurelwood Rd, Suite 210, Santa Clara, CA 95054, USA I Tel : +1 (408) 216 7010 CIN - L72300PN1990PLC056696 I Fax - +91 (20) 6703 0009 I e·mall • [email protected]·www.perslstent.com
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Persistent acquires youperience™, bringing it together with PARX to create Europe’s leading boutique Salesforce partner
Pune, India; Santa Clara, Calif; Zurich; Erding and Hamburg, Germany
June 26, 2019
Persistent Systems (BSE and NSE: PERSISTENT) today announced the acquisition of European Salesforce consulting partner youperience™ . Together with previously acquired Salesforce Platinum Consulting Partner PARX, the professionals from these two boutique Salesforce shops combined with Persistent’s existing Salesforce experts will further strengthen the company’s ability to provide exceptional Salesforce outcomes to its global customers.
With a combined 170 employees in four countries (Germany, Switzerland, Austria, France), the integration of these two renowned boutique partners creates an important European player in the fastgrowing Salesforce partner ecosystem, providing wide-ranging and long-standing expertise in Salesforce cross-cloud projects. youperience™ is a young and highly dynamic Salesforce partner with outstanding expertise in the Marketing Cloud, complementing the Salesforce professionals at PARX who deliver strong offerings in the full range of Salesforce services.
Steffen Drillich, CEO and founder of youperience™
“Joining Persistent and PARX creates exciting new opportunities for us. youperience™ has grown very rapidly and now we are in a position to accelerate this growth further. We will improve our capabilities and performance in terms of delivery and have access to new markets with locally available experts. We are delighted to join up with Persistent and PARX, who share our values, to have a huge impact on the European Salesforce market.”
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Chris O’Connor, CEO of Persistent Systems
“The acquisition of youperience™ strengthens our global strategic Salesforce practice in Europe, a very important growth market for us. With more than 1,000 Salesforce professionals, we are a global Salesforce boutique partner with scale, offering customers both business-focused consulting and excellent technical solutions. The combined expertise of our PARX and youperience™ team will help drive our success in Europe.”
About Persistent Systems:
Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit www.persistent.com/FLCS/
Media Contacts: Saviera Barretto Pulkit Grover Ken Montgomery Archetype Persistent Systems Persistent Systems (US) +91 84249 17719 +91 86696 70068 +1 213 500 8355 [email protected] [email protected] [email protected]
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