Saturday , October 23 2021

Persistent Systems gains on arm entering into agreement with Youperience GmbH

Mumbai : Persistent Systems is currently trading at Rs. 620.95, up by 3.90 points or 0.63% from its previous closing of Rs. 617.05 on the BSE. The scrip opened at Rs. 621.00 and has touched a high and low of Rs. 621.00 and Rs. 620.95 respectively. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 915.00 on 10-Sep-2018 and a 52 week low of Rs. 532.80 on 13-Nov-2018.

Last one week high and low of the scrip stood at Rs. 644.75 and Rs. 613.10 respectively. The current market cap of the company is Rs. 4719.55 crore. The promoters holding in the company stood at 30.61%, while Institutions and Non-Institutions held 42.80% and 26.58% respectively. Persistent Systems’ subsidiary — Persistent Systems Germany GmbH has entered into a Share Purchase Agreement to acquire 100% share capital of Youperience GmbH, a Salesforce Certified Gold Partner in Germany. The acquisition is subject to customary closing conditions which are expected to be completed within 2 weeks.

The proposed acquisition strengthens the company’s Salesforce practice in Europe and in the Salesforce Marketing Cloud domain. Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking & financial services verticals.

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