Persistent Systems concludes acquisition of entire stock of CloudSquads

11 Feb 2014

Persistent Systems, the global leader in software product and technology services, has successfully completed the acquisition of entire stock of CloudSquads pursuant to satisfaction of the customary closing conditions. The company had earlier entered into a definitive agreement to acquire privately-held CloudSquads, an innovative consultancy that has created social communities for over 70 global companies.

CloudSquads deploys, integrates and runs social communities on all leading social customer platforms. CloudSquads helps companies develop a strategy for engaging with the modern social customer across all customer facing functions including brand, marketing, sales and support.

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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