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Persistent Systems moves up on planning to acquire New Jersey-based Starfish Associates

Persistent Systems Ltd. | IT - Software | IT & ITES | BSE: 533179 | NSE: PERSISTENT

03 Jul 2024 Evaluate

Persistent Systems is currently trading at Rs. 4567.30, up by 68.40 points or 1.52% from its previous closing of Rs. 4498.90 on the BSE.

The scrip opened at Rs. 4553.60 and has touched a high and low of Rs. 4572.50 and Rs. 4485.25 respectively. So far 3757 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4,572.50 on 03-Jul-2024 and a 52 week low of Rs. 2318.83 on 03-Aug-2023.

Last one week high and low of the scrip stood at Rs. 4572.50 and Rs. 3907.35 respectively. The current market cap of the company is Rs. 69305.55 crore.

The promoters holding in the company stood at 31.02%, while Institutions and Non-Institutions held 50.84% and 18.14% respectively.

Persistent Systems is planning to acquire New Jersey-based Starfish Associates. This strategic acquisition builds on Persistent’s existing engineering capabilities in the Contact Center and Unified Communications space, expanding its strong AI-driven business transformation capabilities and expertise in driving operational excellence. Known for its cuttingedge Enterprise Communications automation platform, Starfish Associates caters to the world’s largest enterprises including many Fortune 500 companies.

Starfish Associates' automation platform excels as an intelligent integration hub and workflow engine, facilitating seamless connections across a myriad of business applications and communication systems. It enhances multi-vendor communication management through automation with platforms such as Amazon Connect, Avaya, Cisco, Genesys, and Microsoft Teams. In addition, it integrates with key business applications like ServiceNow, Workday, and Microsoft Active Directory to streamline workflows and operations. This acquisition brings together Starfish Associates’ innovative platform with Persistent’s leading AI-powered automation capabilities and a strong customer base, enabling significant optimizations, enhanced efficiencies for workflows, and agile responses to dynamic business environments.

Persistent Systems is a global company specializing in software product and technology services.

Persistent Systems Share Price

5442.75 -56.50 (-1.03%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
View more..

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Persistent Systems moves up on planning to acquire New Jersey-based Starfish Associates

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