Persistent Systems Ltd.

Persistent Systems’ Persistent Systems Inc. (PSI), a California corporation and subsidiary of the company, has signed an agreement with Intel Overseas Funding Corporation to acquire the stock of Aepona Holdings, a Republic of Ireland corporation. PSI will also acquire five subsidiaries of Aepona Holdings that come along with its holdings. Under this agreement, PSI will acquire certain IP and related rights for Aepona products, which will be managed under Persistent’s Accelerite Brand.

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.