Persistent Systems shines on entering into strategic partnership with SysCare Technology

05 Jun 2013

Persistent Systems is currently trading at Rs. 517.05, up by 0.10 points or 0.02% from its previous closing of Rs. 516.95 on the BSE.

The scrip opened at Rs. 520.00 and has touched a high and low of Rs. 520.00 and Rs. 510.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 589.50 on 23-Jan-2013 and a 52 week low of Rs. 337.00 on 05-Jun-2012.

Last one week high and low of the scrip stood at Rs. 532.50 and Rs. 502.00 respectively. The current market cap of the company is Rs. 2068 crore.

The promoters holding in the company stood at 38.96% while Institutions and Non-Institutions held 33.98% and 27.06% respectively. Persistent Systems, the global leader in software product and technology services, has entered into a strategic partnership with SysCare Technology, a Moroccan IT company. With this partnership, Persistent expands its activities in Morocco, providing software development and technology services and support to its clients in Africa and the Mediterranean region. This partnership builds on Persistent Systems’ regional presence, as the company has been working with an esteemed customer in Morocco, since 2009.

Persistent Systems develops best-in-class software solutions and provides next-gen technology services for its clients in the technology, telecommunications, life science, healthcare, banking, and consumer vertical industries across North America, Europe, Africa, and Asia.

SysCare Technology is a Morocco-based company with deep understanding of the Moroccan enterprise macroeconomic environment and IT challenges. SysCare Technology helps Moroccan and regional customers in identifying and implementing world-class technology solutions and services, taking into account local challenges and constraints.

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