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Persistent Systems Limited — M&A Activity 2020
Oct 15, 2020
60826_rns_2020-10-15_e7545a7c-ae1a-4015-8bfd-a158d6081827.pdf
M&A Activity
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NSE & BSE / 2020‐21 / 68
October 15, 2020
The Manager, Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051
Ref: Symbol: PERSISTENT
The Manager, Corporate Services, Bombay Stock Exchange Limited 14[th] Floor, P J Towers, Dalal Street, Mumbai 400 001
Ref: Scrip Code: 533179
Dear Sir/Madam,
Sub: Press Release regarding “Persistent to acquire CAPIOT – strengthening MuleSoft, TIBCO and API‐led integration capabilities”
We wish to inform you that the Company has made a press release dated October 15, 2020, titled “Persistent to acquire CAPIOT – strengthening MuleSoft, TIBCO and API‐led integration capabilities” .
The copy of the Press Release is enclosed for your records.
Please acknowledge the receipt.
Thanking you,
Yours Sincerely, For Persistent Systems Limited
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Amit Atre Company Secretary ICSI Membership No.: A20507
Encl.: A/a
Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLCO56696
Tel: +91 (20) 670 30000 | Fax - +91 (20) 6703 0008 | E-mail - [email protected] | Website - www.persistent.com
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Persistent to acquire CAPIOT – strengthening MuleSoft, TIBCO and API-led integration capabilities
Santa Clara, California; Pune, India October 15, 2020
News summary:
Persistent Systems (BSE and NSE: Persistent) today announced it has entered into an agreement to acquire Palo Alto, CA-based CAPIOT, including its subsidiaries in Australia, India and Singapore.
Founded in 2014, CAPIOT specializes in enterprise integration with valuable expertise in MuleSoft, Red Hat and TIBCO. In addition, CAPIOT delivers enterprise modernization, leading with advanced proficiency in key partner platforms, frameworks and industry data models. The acquisition further strengthens Persistent’s ability to:
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Provide enterprise integration strategy & advisory services to guide clients with their integration strategy, platform choice, and roadmap to meet business goals.
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Implement API-led integrations using specialists in the leading integration platforms coupled with frameworks and industry-specific common data models designed to accelerate business outcomes.
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Provide managed integration services to support changing business needs and innovation.
Quote from Sandeep Kalra, Executive Director and President of Persistent Systems “For enterprise IT to succeed in advancing business goals and sales, it must have a central
© 2020 Persistent Systems Ltd. All rights reserved.
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integration platform to work across disparate applications and data sources. CAPIOT’s singular focus in enterprise integration with key platform players like MuleSoft and TIBCO coupled with proprietary frameworks and common data models have accelerated implementations, with many successful rollouts. Their strong history in enterprise integration will provide many of our clients an immediate benefit and will help us solidify our Salesforce ecosystem capabilities. We look forward to welcoming CAPIOT employees, clients, and partners to our family”
Quote from Vasudeva Anumukonda, CEO of CAPIOT Software
“Since our inception, CAPIOT has been committed to delivering the best outcome for our clients in the area of enterprise and data integration. We are excited to become part of Persistent Systems and to bring our expertise in integrating cloud applications and our data APIfication offerings to further augment Persistent capabilities and to accelerate the outcome for our clients, providing broader solutions in an ever-changing landscape.”
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About Persistent Systems
Persistent Systems (BSE & NSE: PERSISTENT) is a global solutions company delivering digital business acceleration, enterprise modernization and next generation product engineering for businesses across all industries and geographies.
© 2020 Persistent Systems Ltd. All rights reserved.
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www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit www.persistent.com/FLCS
Media Contacts
Ken Montgomery Saviera Barretto Persistent Systems (Global) Archetype +1 213 500 8355 +91 84249 17719 [email protected] [email protected]
© 2020 Persistent Systems Ltd. All rights reserved.
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