Persistent Systems was incorporated as Persistent Systems Private Limited on May 30, 1990. It was subsequently converted into a public Limited company on September 17, 2007 with the name Persistent Systems Limited and a new certificate of incorporation was issued on September 28, 2007 from the RoC.Shares in the company were listed on the National Stock Exchange of India in March 2010. The operations of Nagpur-based Infospectrum India Private, an outsourced private development of US company Infospectrum, were taken over by Persistent in February 2011. Wikipedia.
News Article | July 21, 2017
PUNE, India, SANTA CLARA, California and ZURICH, July 21, 2017 /PRNewswire/ -- Persistent Systems (BSE and NSE: PERSISTENT) today announced the acquisition of PARX, a Salesforce Certified Platinum Partner in the DACH market of Germany, Austria and Switzerland that focuses on its...
News Article | July 21, 2017
Persistent Systems (BSE and NSE: PERSISTENT), today announced the Company's audited financial results for the first quarter ended June 30, 2017, as approved by the Board of Directors.
News Article | August 14, 2017
"By following a modular approach to radio bands, we've basically made the MPU5 future-proof," said Nick Naioti, VP of Business Development. "As spectrum relocation continues, our customers' investment is protected. Compliance can be achieved by simply swapping the module as opposed to replacing the whole system." The US Government alone spends billions of dollars every year migrating their communication systems to new frequency bands as the Federal Spectrum Relocation process auctions off bandwidth to commercial wireless carriers. Money raised through FCC spectrum auctions is often utilized to provide funding to Federal Agencies who must migrate to new frequencies as they are forced from those that have been auctioned. However, if Federal communication systems employed a modular frequency architecture, billions of dollars would be saved, and the money could be appropriated for other important initiatives. Persistent has been advocating for Federal agencies to require a modular frequency architecture in government procurements to future-proof Federal communication systems and reduce the burden on taxpayers. "Persistent has proven that a modular frequency architecture is possible. The government should take notice and require its vendors to offer a better value to the American taxpayer," Nick Naioti added. The new Lower C-Band Radio Module will also play a critical role in the Unmanned Ground Robotics (UGV) market, since this frequency band is a requirement for multiple programs of record that are actively being competed. Persistent, currently the largest provider of communication systems to the UGV market, has been working with many UGV platform providers to ensure that the Lower C-Band Module meets and exceeds all programmatic communication requirements. "Radio modules with 6W of transmit power and 3x3 MIMO technology mean that soldiers can operate UGV systems from much greater distances. UGV systems are typically utilized to inspect or neutralize explosive devices. Every bit of range and performance that we can offer directly increases soldier safety, and we designed our modules with this in mind," commented Eric Stern, Director of Engineering. Persistent has already begun accepting orders for the Lower C-band radio module for immediate shipment. Headquartered in New York City since 2007, Persistent Systems, LLC ("Persistent") is a global communications technology company which develops, manufactures, and integrates a patented and secure Mobile Ad Hoc Networking (MANET) system: Wave Relay®. The company's R&D team has designed wireless networking protocols to support their cutting-edge Wave Relay® system and technology. Wave Relay® can transmit and receive data, video, voice and other application data under the most difficult and unpredictable conditions. Persistent's suite of products is field proven and utilized in Commercial, Military, Government, Industrial, Agriculture, Robotics, and Unmanned System markets. Please visit http://www.persistentsystems.com to learn more. Follow Persistent Systems on Twitter to get updates on the latest developments @pswaverelay.
News Article | August 7, 2017
In its just released report 'Zinnov Zones 2017 for IoT Technology services,' Zinnov Management Consulting positions Persistent Systems (BSE & NSE: PERSISTENT) among the leading players for its IoT competency. Persistent is also placed in the leadership zones for 'Platform and Application Competency', 'Big Data Management' and 'Analytics Services'. The 'Zinnov Zones 2017 for IoT Technology services,' is an annual study to help business leaders select the best partner across geographies, as they spearhead global IoT initiatives. The rating is based on key parameters including innovation, capabilities, financials, human capital, ecosystem linkages, infrastructure, maturity and diversity of services, scale, and diversity across verticals. For additional details, please visit https://www.slideshare.net/zinnov/zinnov-zones-for-iot-services The Zinnov ranking further demonstrates Persistent's strength in the market. Sanjeev Srivastav, Senior Vice President, IoT Business, said, " The Persistent Flywheel framework is accelerating development and adoption of IoT systems by focusing on end-to-end solutions including aspects like ecosystem development and monetization. Our 'Zero to Live in a Turn of the Flywheel' approach brings agility to IoT development. Persistent's dedicated focus on IoT products, solutions and services helps provide a full spectrum of engagement models including product licensing, solution development and managed services and in turn bring accelerated value to our customers." Sidhant Rastogi, Partner & Practice Head, Zinnov, said, "With a strong partner ecosystem, IP strategy and unique strengths in key technology areas, Persistent has established a position among the leading players in IoT Technology services. Persistent is strongly positioned for the second year in a row because of its expertise in Cognitive IoT, Machine Learning, Continuous Engineering, IoT monetization and API management." Zinnov was founded in 2002, with presence in Bangalore, Gurgaon, Silicon Valley, and Houston. Since its inception, Zinnov has built in-depth expertise in Product Engineering and Digital Transformation. With a strong foundation in Research and Strategy Consulting they enable their clients to accelerate growth and create efficiencies through innovation, productivity, technology, networked economies and cost savings. They work with clients in the software, automotive, telecom & networking, consumer electronics, storage, healthcare, financial services & retail, and semiconductor verticals in US, Europe, Japan and India. For any further media queries, please contact Nitika Goel at firstname.lastname@example.org 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: https://www.persistent.com/FLCS
News Article | June 6, 2017
"This IDIQ contract will enable the FBI to deploy our latest MPU5 communication systems," said Dr. Herbert Rubens, CEO of Persistent Systems. "We are confident that the MPU5 will set a new standard for performance, capability, and features found nowhere else in the industry, and we're extremely proud to be one of the awardees chosen by the Department of Justice." Examples of the performance the MPU5 will provide to support the FBI's mission: Dr. Rubens added, "The MPU5's vast set of capabilities really translates into enhanced situational awareness for the agents, increased mission success, and an overall enhancement in safety. Additionally, the MPU5 provides an extremely cost effective solution for the Bureau by incorporating so much capability into a single commercial item." The MPU5 will be available for purchase via the IDIQ contract commencing on June 1st. About Persistent Systems, LLC Headquartered in New York City since 2007, Persistent Systems, LLC ("Persistent") is a global communications technology company which develops, manufactures, and integrates a patented and secure Mobile Ad Hoc Networking (MANET) system: Wave Relay®. The company's R&D team has designed wireless networking protocols to support their cutting edge Wave Relay® system and technology. Wave Relay® can transmit and receive data, video, voice and other application data under the most difficult and unpredictable conditions. Persistent's suite of products is field proven and utilized in Commercial, Military, Government, Industrial, Agriculture, Robotics, and Unmanned System markets. Please visit http://www.persistentsystems.com to learn more. Follow Persistent Systems on Twitter to get updates on the latest developments @pswaverelay. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/persistent-systems-llc-wins-a-prime-award-on-a-100m-multi-award-idiq-contract-for-the-fbis-tactical-meshmobile-ad-hoc-network-systems-300469747.html
News Article | June 21, 2017
"Everyone and everything is getting smarter and more connected than ever before, and companies are looking to transform the way they connect with customers, partners and employees. By leveraging the power of the Salesforce Platform, Persistent Systems and Attivio provide customers with an exciting new way to help organizations improve their customer service productivity and effectiveness." "Engage 360 is an excellent example of unifying disparate information sources into a powerful, business-friendly application. The Attivio Platform is a flexible, secure foundation for search-based applications, and Persistent has delivered a solution that will accelerate the productivity of customer service and case workers." "Engage 360 delivers hyper-personalized digital experiences to a variety of business stakeholders, fast. This pre-packaged solution brings together the powerful data unification and search platform from Attivio with a suite of Salesforce connectors, making it easy for users to get and connect data from disparate enterprise data sources to gain actionable insights. Its flexible and extendible 360° framework is great for developing use cases for different personas around Salesforce cloud platform, seamlessly providing those experiences within the Service Cloud." Attivio, a recognized leader in Cognitive Search, was recently named a leader in The Forrester Wave™: Cognitive Search and Knowledge Discovery Solutions, Q2 2017. Attivio has partnered with Persistent since 2013 to help deliver solutions for Fortune 100 customers. With Attivio powering Engage 360, relevant information is accessible from any of a wide range of diverse and distributed data sources, such as similar cases, prior solutions, subject matter expert agents, customer profiles, community collaboration sites and internal knowledge bases. Engage 360 can be adapted to the special requirements of any vertical, but is especially relevant to healthcare, insurance, technology and manufacturing industries, those with complex data representations and high volumes of customer interaction. It enables service representatives to quickly find customer case-related information. Full details of Engage 360 are available here. Salesforce AppExchange (NYSE: CRM) is the world's leading enterprise apps marketplace that empowers companies to sell, service, market and engage in entirely new ways. With more than 3,000 partner apps and more than 4 million customer installs, it is the most comprehensive source of cloud, mobile, social, IoT, analytics and artificial intelligence technologies for businesses. Attivio is a leading cognitive search and insight platform company. Our mission is to help our Fortune 500 clients fuel their every decision and action with cognitive insight. Our solutions power innovation, drive operational efficiencies, and transform business outcomes at scale and feature industry-leading capabilities including natural language processing, machine learning, analytics and knowledge graphing capabilities. Visit attivio.com. Persistent Systems (BSE: PERSISTENT, NSE: PERSISTENT) builds software that drives the business of our customers; enterprises and software product companies 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: http://content.persistent.com/Pslweb/forward_looking_cautionary_statement.shtml For more information, please contact: Ken Montgomery Persistent Systems +1-408-665-8549 email@example.com Saviera Barretto Text100 Global Communications +91-8424917719 Saviera.firstname.lastname@example.org Chuck Tanowitz For Attivio +1-617-575-9643 email@example.com
News Article | May 9, 2017
NEW DELHI & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--The FIDO Alliance today announced a partnership with the Data Security Council of India (DSCI) and the launch of the FIDO India Working Group to spread awareness of market-ready strong authentication standards and solutions in India. It is vital to have a secure, open, scalable and interoperable set of mechanisms to reduce the reliance on passwords while also protecting user privacy. These are important concepts that are enabling secure authentication practices in finance and other key industries; both within and outside the enterprise. “India is ahead of the curve on authentication in many respects - the Reserve Bank of India, for example, mandates that online transactions above a certain threshold use two-factor authentication,” said Brett McDowell, executive director of the FIDO Alliance. “The launch of the FIDO India Working Group and the partnership with DSCI extends the FIDO Alliance’s global reach and will enable us to educate the Indian market on how FIDO authentication can help service providers meet such mandates, while vastly improving security and usability of strong authentication over solutions like one-time passcodes and digital certificates.” On the creation of the partnership, Rama Vedashree, CEO, DSCI said, “With the proliferation of digital and mobile banking, secure and foolproof authentication is a key to reassuring consumers and building trust. We look forward to working with FIDO and its members in spreading awareness of stronger authentication standards.” The FIDO India Working Group will be led by co-chairs Ramesh Kesanupalli, co-founder of the FIDO Alliance and founder of Nok Nok Labs, and Ashok Chandak, senior director of global sales and marketing at NXP Semiconductors. At launch, 11 leading FIDO Alliance member companies active in the Indian market are participating in the FIDO India Working Group: Digit Secure, Feitian, FingerPrint Cards, Hypersecu, Intel Corporation, Nok Nok Labs, NXP Semiconductors, Persistent Systems, Redpine, Synaptics and Uniken, Inc. FIDO authentication reduces organizations’ and users’ reliance on passwords with interoperable on-device authentication that is stronger and easier to use. FIDO initiates regional working groups to help its members to identify and drive awareness for how FIDO standards can address in-market requirements. To learn more about the FIDO Alliance working groups, visit https://fidoalliance.org/working-groups/. The FIDO (Fast IDentity Online) Alliance, www.fidoalliance.org, was formed in July 2012 to address the lack of interoperability among strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords. The FIDO Alliance is changing the nature of authentication with standards for simpler, stronger authentication that define an open, scalable, interoperable set of mechanisms that reduce reliance on passwords. FIDO authentication is stronger, private, and easier to use when authenticating to online services. The FIDO Alliance Board of Directors includes leading global organizations: Aetna, Inc. (NYSE: AET); Alibaba Holdings (NYSE: BABA); American Express(NYSE: AXP); ARM Holdings plc (LSE: ARM and NASDAQ: ARMH); Bank of America Corporation (NYSE:BAC); BC Card; CrucialTec (KRX: 114120); Daon; Egis; Feitian Technologies (XSHE : 300386); Fingerprint Cards (STO: FING-B.ST); Gemalto NV (AMS: GTO.AS); Google (NASDAQ: GOOG); Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY); ING (NYSE: ING); Intel (NASDAQ: INTC); Lenovo (NASDAQ: LNVGY); Mastercard (NYSE: MA); Microsoft (Nasdaq “MSFT”); Nok Nok Labs, Inc.; NTT DOCOMO, INC. (NYSE: DCM); NXP Semiconductors N.V.(NASDAQ:NXPI); Oberthur Technologies OT; PayPal (NASDAQ:PYPL); Qualcomm, Inc. (Nasdaq: QCOM); RaonSecure Co Ltd (KOSDAQ: 042510); RSA®; Samsung Electronics, Ltd (KOSCOM: SECL); Synaptics (NASDAQ: SYNA); USAA; VASCO Data Security International, Inc. (NASDAQ: VDSI); Visa Inc. (NYSE: V); Yubico. Data Security Council of India (DSCI) is a premier industry body on data protection in India, setup by NASSCOM®, committed to making the cyberspace safe, secure and trusted by establishing best practices, standards and initiatives in cyber security and privacy. DSCI brings together national governments and their agencies, industry sectors including IT-BPM, BFSI, Telecom, industry associations, data protection authorities and think tanks for public advocacy, thought leadership, capacity building and outreach initiatives.