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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.


Marston S.,University of Florida | Li Z.,University of Florida | Bandyopadhyay S.,University of Florida | Zhang J.,University of Florida | Ghalsasi A.,Persistent Systems
Decision Support Systems | Year: 2011

The evolution of cloud computing over the past few years is potentially one of the major advances in the history of computing. However, if cloud computing is to achieve its potential, there needs to be a clear understanding of the various issues involved, both from the perspectives of the providers and the consumers of the technology. While a lot of research is currently taking place in the technology itself, there is an equally urgent need for understanding the business-related issues surrounding cloud computing. In this article, we identify the strengths, weaknesses, opportunities and threats for the cloud computing industry. We then identify the various issues that will affect the different stakeholders of cloud computing. We also issue a set of recommendations for the practitioners who will provide and manage this technology. For IS researchers, we outline the different areas of research that need attention so that we are in a position to advice the industry in the years to come. Finally, we outline some of the key issues facing governmental agencies who, due to the unique nature of the technology, will have to become intimately involved in the regulation of cloud computing. © 2010 Elsevier B.V. All rights reserved. Source


Rush E.C.,Auckland University of Technology | Katre P.,Persistent Systems | Yajnik C.S.,Kamalnayan Bajaj Diabetology Research Center
European Journal of Clinical Nutrition | Year: 2014

This review brings together human and animal studies and reviews that examine the possible role of maternal vitamin B12 (B12) on fetal growth and its programming for susceptibility to chronic disease. A selective literature review was undertaken to identify studies and reviews that investigate these issues, particularly in the context of a vegetarian diet that may be low in B12 and protein and high in carbohydrate. Evidence is accumulating that maternal B12 status influences fetal growth and development. Low maternal vitamin B12 status and protein intake are associated with increased risk of neural tube defect, low lean mass and excess adiposity, increased insulin resistance, impaired neurodevelopment and altered risk of cancer in the offspring. Vitamin B12 is a key nutrient associated with one carbon metabolic pathways related to substrate metabolism, synthesis and stability of nucleic acids and methylation of DNA which regulates gene expression. Understanding of factors regulating maternal-fetal one carbon metabolism and its role in fetal programming of non communicable diseases could help design effective interventions, starting with maternal nutrition before conception. © 2014 Macmillan Publishers Limited. All rights reserved. Source


News Article | February 22, 2015
Site: www.siliconindia.com

MUMBAI:  With an eye on getting access to evolving technologies, mid-sized IT company Persistent Systems has launched a $10-million venture capital fund. “We have launched the fund which will invest in very early stage companies, which will give us disproportionate access to evolving technology,” the company’s Chief Operating Officer Mrityunjay Singh told PTI. “We are doing idea investing and not investing in a business model,” he said, adding the fund will act more like an angel fund. He said the company is targeting investing in up to 40 start-ups through the fund and has already invested in five start-ups from within the country as well as outside, especially in the U.S. and Israel. The typical timeframe till which the fund will stay invested is three-five years, he said. Singh said if the investee company is doing good, it will command a high valuation for a complete acquisition by Persistent, while in the opposite case where it is doing badly, Persistent may not want to acquire it. It can be noted that with fast changes in the landscape, many IT companies have increased their engagements with the fledgling start-up world. IT bellwether Infosys has created a $500-million innovation fund, while rival TCS has associated with an accelerator called Startupbootcamp to have pitch days in the financial capital and Bengaluru. Some analysts say the IT players are getting attracted to such investments because of the potential to work along side the investee company. When asked if the size of the fund, at $10 million, is enough, Singh said given the size of the Pune- headquartered company, he finds it sufficient. He said the company would be keenly looking at acquisition opportunities to achieve the targeted $1-billion in revenues in the next three to five years. “We are at around $320 million at present and will have to grow both organically as well as look at inorganic growth opportunities to achieve the target,” he said, adding that it will not do acquisitions just for the sake of it but to get to the next level. Also Read: Food Start Ups, The New Business Trend Hits India Top Indian Incubators Nourishing Fresh Startups


News Article | February 3, 2015
Site: yourstory.com

Sahil Khan is a Puneite for whom food means a lot. Back in 2008 when he was in college, Sahil started writing about his ‘eating out’ experiences. Once he got regular with it, a five star hotel invited him to review their food. Sahil realized he was up to something interesting and that his blog, ‘The Tossed Salad’ can become a lot more. He continued this till college after which he went ahead and started an egg speciality restaurant Yolkshire which was a great learning experience but something was pulling him back towards writing and the scale that internet provided. When he got back to writing, he realised a lot of his readers were asking about specific dishes- where the best biryani, cheesecake, kebab pav, etc. were? And this was the genesis behind Quinto, the venture we’d be talking about. Around the same time when Sahil was running the Tossed Salad, Hrishikesh Rajpathak, a technologist working at Persistent Systems was trying to run a restaurant with a friend in Pune. This was Hrishikesh’s first entry into the food industry and with the restaurant experience, he decided to quit his job to start working on something that would combine his love for food and technology. He started working on a tool that would mine purchase intentions from social media to create leads for restaurants and this is when he also noticed people were asking dish specific questions. Luckily for Sahil and Hrishikesh, their paths crossed and Quinto was born (earlier called Dishoomit). Quinto uses the power of crowdsourcing to help users discover the best food options around – be it at a fine dine, casual restaurant, hole in the wall or by the roadside. Sahil has a way of explaining, consider the following scenarios: Option 1: You search for pork ribs and you get ratings of pork ribs at four different places. You can see which one’s the better one. Option2: You search for pork ribs and you get ratings of restaurants that serve pork ribs. You have no idea which place serves the better one. Which scenario would you prefer? Quinto is five months old now with a couple of thousand downloads in Pune. “40% of these are regular users who not only are discovering good food around them but are also adding to the content in terms of ratings and new listings, says Sahil. Building from Pune, Quinto is now expanding and launching in Mumbai. He adds, “We’re currently focusing on extensively covering Bandra West, Andheri West, and areas around Colaba – we have 1500+ ratings on the app right now.” As expected, starting up has been an uphill task. “Nerve wrecking but have to maintain a calm facade. Friends & family have been supportive of us. Have had to borrow money at innumerable occasions,” they share. One of their early learnings has been to ‘not outsource core work’. “While we had the capability of doing the backend, design, and content in house, we had to outsourced our app development. It almost killed us. We’d still have been better off if we’d taken six months to learn iOS & Android development ourselves,” says Sahil. They’ve hired their first employee- Abhilash Sathe who’ll be working on their Android app. Hrishikesh looks after the technology and the finances. Sahil looks after design, content, and marketing. Quinto also got selected for TiE Bootcamp where they have been refining their product. One thing any startup in the food industry would now get is a comparison with Zomato. Sharing their thoughts on this, the duo tell us, “Zomato has done a fantastic job in addressing the use case of restaurant discovery and finding peripheral information regarding the restaurants. While Zomato definitely has the requisite mindshare when a user has to think about anything related to restaurants, Quinto is stepping in where the user has evolved in how he’s discovering food and his understanding of food in general.” There have been efforts globally like Foodspotting (which got acquired) and a Oink but to take a bigger view, the area of detail is pretty new. Food tech as a sector has really picked up with food delivery being the most active one. Gurgaon based Yumist just received funding worth $1 million from Orios Venture Partners, Bangalore based Tapcibo and Eatlo are also picking up pace. For Quinto, the turf is different but once they grow, their model might see interesting plays with the bigger players. Get Quinto on Android and iOS.


30 trillion in market capitalization across 8 key verticals will be disrupted due to current digital age During 2013- 2015, 550 companies will move out of Forbes 2000 list due to digital disruption Data-driven enterprises leverage contextual public and internal enterprise data and use new-age technologies to generate deep insights that are both predictive and prescriptive to drive exponential business impact 6 key areas have been identified for digital transformation -Customer Targeting & Engagement, Digital Products & Services, Risk Management, Supply Chain Optimization, Operational Excellence, Workforce & Partner Enablement Over the last few years, a majority of CIOs have been focusing on IT modernization. However, the approach for digital transformation is distinctly different from IT modernization India is will be home to a digitally ready talent pool of a million engineers by 2020 Product Engineering Vendors are well placed to take up leadership role in Enterprise Digital Transformation Enterprises around the world are preparing to enter the digital age, with over USD 30 Trillion in market capitalization across 8 key verticals ready for disruption, revealed the latest study by Zinnov, a globalization advisory and management consulting firm. The study on “Enterprise Digital Transformation-The next era is already here”, launched today, identified the market size for digital transformation, areas that demonstrate high potential for digital transformation, and the opportunities for India to take the lead in this space.   In order to drive exponential business impact, today’s data-driven enterprises leverage contextual public & internal enterprise data, and employ new-age technologies for generating deep insights that are both predictive and prescriptive   Zinnov study found that 465 new companies moved out of the Forbes 2000 list between 2011 and 2013 and another 550 companies will move out the list between 2013 and 2015 because of disruption from the digital age. Almost 50% of the companies in the Forbes 2000 list will experience churn from the list because of the impact of the digital era.   The study highlights 6 key areas where organizations need to digitally transform themselves range from better targeting & engagement, supply chain optimization, digital products & services, to workforce & partner enablement, and operational excellence & risk management. The 6 key areas have been highlighted below:   The study reveals that enterprises will need to spend USD 70 Billion in 2015 in order to stay competitive against new emerging digital native organizations.  This spend is expected to grow at a CAGR of 26% to reach USD 230 Billion by 2020.  Of this, enterprises in North America are expected to take a lead with a spend of USD 26 billion which is expected to reach USD 73 billion by 2020, propelled by the presence of digital hubs in Bay Area and New York City, and the availability of a more mature digital ecosystem.   The study also indicates that verticals with a high degree of direct consumer connect are likely to witness greatest degree of disruption. These verticals include Retail, BFSI, Media &Entertainment, and Travel & Hospitality.   In addition, the study revealed that while a majority of organizations over the last 5 years have been focusing on modernization of IT Infrastructure, the same strategies cannot be applied for enterprise digital transformation as they both are fundamentally different. The impact EDT has on the entire value chain and the stakeholders required to drive the change management are critical differentiators.   The study outlines a recommended approach for enterprises embarking on a digital transformation journey. According to Pari Natarajan – Co Founder and CEO, Zinnov Management Consulting, “We recommend four steps for all traditional enterprises that are undertaking the Digital Transformation journey; building EDT knowledge base and understand possibilities, assessing business and digital priorities, establishing a step-by-step methodology for digital readiness and finally implementing digital solutions incrementally and iteratively.”   The study reveals that large organizations willing to drive their digital transformation roadmaps will need to focus on multiple initiatives. This includes relooking at their organization structure and building capabilities for a digitally enabled organization. Organizational re-structuring will result in creation of new roles such as chief digital officer, data scientist, data visualizer etc. However, in order to build these capabilities, firms will need to invest in skills in areas such as Machine Learning, User Interface Design & Development, Mobility, and Data Analytics.   India, with a strong technology ecosystem of MNC R&D centers, service providers, IT global in-house centers, and startups is well placed to play key role in the digital era. Indian talent can potentially power the digital transformation for enterprises around the world. The study estimates that India is home to digitally ready talent pool of 500,000 engineers suitable to execute digital transformation projects. This is expected to increase to around a million engineers in 2020.   Taking advantage of this trend, global service providers such as Accenture, Cap Gemini, and Pivotal software are making digital one of their key focus areas. They have created practices to offering services from consulting to implementation support.   Given the nature of skills required to execute Digital Transformation projects, service providers with strong product engineering services capabilities are well positioned to take a leadership role in the industry. This need for product engineering capability is seeing niche product engineering focused service providers such as Persistent, Symphony Teleca build deep digital capabilities.   “Enterprise digital transformation is fundamentally different in objective and approach from the modernization of enterprise IT. Separating the two is crucial for enterprises to approach digital transformation as a technology led or software driven business journey. Persistent Systems, with our DNA of building software products and businesses, is working with several customers on this journey and is strongly positioned for this market opportunity.” says Anand Deshpande, Chairman, Managing Director and CEO, Persistent Systems.   Vikram Sundarraj – Engagement Manager, Zinnov Management Consulting, says, “Many Indian service providers are creating dedicated EDT practices to cater to this rapidly growing market. Companies like Infosys and Cognizant are providing consulting services on digital transformation focusing on areas such as Omni-Channel Commerce, Marketing, Collaboration, Mobility and Customer Experience.” About Zinnov   Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading Globalization and Market Expansion Advisory firm, with specialization in areas such as Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov offers advisory services to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions help in integrating organizational vision, business definition and processes. Enterprises around the world are preparing to enter the digital age, with over USD 30 Trillion in market capitalization across 8 key verticals ready for disruption, revealed the latest study by Zinnov, a globalization advisory and management consulting firm. The study onlaunched today, identified the market size for digital transformation, areas that demonstrate high potential for digital transformation, and the opportunities for India to take the lead in this space.In order to drive exponential business impact, today’s data-driven enterprises leverage contextual public & internal enterprise data, and employ new-age technologies for generating deep insights that are both predictive and prescriptiveZinnov study found that 465 new companies moved out of the Forbes 2000 list between 2011 and 2013 and another 550 companies will move out the list between 2013 and 2015 because of disruption from the digital age. Almost 50% of the companies in the Forbes 2000 list will experience churn from the list because of the impact of the digital era.The study highlights 6 key areas where organizations need to digitally transform themselvesThe 6 key areas have been highlighted below:The study reveals that enterprises will need to spend USD 70 Billion in 2015 in order to stay competitive against new emerging digital native organizations..  Of this, enterprises in North America are expected to take a lead with a spend of USD 26 billion which is expected to reach USD 73 billion by 2020, propelled by the presence of digital hubs in Bay Area and New York City, and the availability of a more mature digital ecosystem.The study also indicates that verticals with a high degree of direct consumer connect are likely to witness greatest degree of disruption. These verticals include Retail, BFSI, Media &Entertainment, and Travel & Hospitality.In addition, the study revealed that while a majority of organizations over the last 5 years have been focusing on modernization of IT Infrastructure, the same strategies cannot be applied for enterprise digital transformation as they both are fundamentally different. The impact EDT has on the entire value chain and the stakeholders required to drive the change management are critical differentiators.The study outlines a recommended approach for enterprises embarking on a digital transformation journey.According, “We recommend four steps for all traditional enterprises that are undertaking the Digital Transformation journey; building EDT knowledge base and understand possibilities, assessing business and digital priorities, establishing a step-by-step methodology for digital readiness and finally implementing digital solutions incrementally and iteratively.”The study reveals that large organizations willing to drive their digital transformation roadmaps will need to focus on multiple initiatives. This includes relooking at their organization structure and building capabilities for a digitally enabled organization. Organizational re-structuring will result in creation of new roles such as chief digital officer, data scientist, data visualizer etc. However, in order to build these capabilities, firms will need to invest in skills in areas such as Machine Learning, User Interface Design & Development, Mobility, and Data Analytics.India, with a strong technology ecosystem of MNC R&D centers, service providers, IT global in-house centers, and startups is well placed to play key role in the digital era. Indian talent can potentially power the digital transformation for enterprises around the world. The study estimates that India is home to digitally ready talent pool of 500,000 engineers suitable to execute digital transformation projects. This is expected to increase to around a million engineers in 2020.Taking advantage of this trend, global service providers such as Accenture, Cap Gemini, and Pivotal software are making digital one of their key focus areas. They have created practices to offering services from consulting to implementation support.Given the nature of skills required to execute Digital Transformation projects, service providers with strong product engineering services capabilities are well positioned to take a leadership role in the industry. This need for product engineering capability is seeing niche product engineering focused service providers such as Persistent, Symphony Teleca build deep digital capabilities.“Enterprise digital transformation is fundamentally different in objective and approach from the modernization of enterprise IT. Separating the two is crucial for enterprises to approach digital transformation as a technology led or software driven business journey. Persistent Systems, with our DNA of building software products and businesses, is working with several customers on this journey and is strongly positioned for this market opportunity.”, says, “Many Indian service providers are creating dedicated EDT practices to cater to this rapidly growing market. Companies like Infosys and Cognizant are providing consulting services on digital transformation focusing on areas such as Omni-Channel Commerce, Marketing, Collaboration, Mobility and Customer Experience.”Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading Globalization and Market Expansion Advisory firm, with specialization in areas such as Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov offers advisory services to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions help in integrating organizational vision, business definition and processes.

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