Persistent Systems Ltd.

Persistent Systems has informed that that on January 10, 2016 (PST), Persistent Systems, through its US subsidiary has signed an agreement with Citrix Systems International GMBH, a Swiss subsidiary of Citrix Systems, Inc., to acquire the Citrix CloudPlatform and CloudPortal Business Manager product lines in an asset purchase transaction. These products will add to the portfolio of products of Accelerite, the products business of Persistent Systems. The closing of the transaction is subject to customary closing conditions and is expected to close in Persistents fourth quarter ending March 31, 2016.

The above information is a part of company’s filings submitted to BSE.