Persistent Systems shines on concluding acquisition of entire stock of CloudSquads

11 Feb 2014

Persistent Systems is currently trading at Rs. 1027.50, up by 43.70 points or 4.44% from its previous closing of Rs. 983.80 on the BSE.

The scrip opened at Rs. 984.25 and has touched a high and low of Rs. 1033.80 and Rs. 984.25 respectively. So far 8,591 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1057.75 on 23-Dec-2013 and a 52 week low of Rs. 477.00 on 03-Jul-2013.

Last one week high and low of the scrip stood at Rs. 1033.80 and Rs. 924.15 respectively. The current market cap of the company is Rs. 4,110.00 crore.

The promoters holding in the company stood at 38.96%, while Institutions and Non-Institutions held 37.04% and 24.00% respectively.

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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Persistent Systems Share Price

2311.15 2.45 (0.11%) May 11, 18:01
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