Persistent Systems has entered into a Stock Purchase Agreement (SPA) with Altizon Systems, to invest $100,000 of the company by subscribing to the equity shares of Altizon in one or more tranches from time to time. The company has also remitted its first tranche of investment to Altizon.
Altizon Systems is a Pune based product company focused on the Internet of Things (IoT).
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.
