Persistent Systems surges on acquiring digital content management solutions business of Akumina

19 Nov 2015

Persistent Systems is scrip is currently trading at Rs. 669.15, up by 9.95 points or 1.51% from its previous closing of Rs. 659.20 on the BSE.

The scrip opened at Rs. 657.40 and has touched a high and low of Rs. 673.00 and Rs. 653.40 respectively. So far 7522 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 960.83 on 02-Jan-2015 and a 52 week low of Rs. 577.00 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs. 673.00 and Rs. 647.00 respectively. The current market cap of the company is Rs. 5352.00 crore.

The promoters holding in the company stood at 38.53% while Institutions and Non-Institutions held 28.36% and 33.11% respectively.

Persistent Systems, a global software developer, has acquired the digital content management solutions business of Akumina, maker of InterChange, an innovative software platform that optimizes user experiences for digital businesses using Microsoft SharePoint. The company has also entered into a strategic partnership and investment in Akumina, strengthening its Partner Ecosystem for Digital Transformation.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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