Persistent Systems Ltd.

Persistent Systems has entered into an agreement dated May 20, 2021 with Sureline Systems Inc. and its subsidiary Sureline Systems India (together 'Sureline Systems') for acquisition of selected contracts, IP, employees and assets used in the business from Sureline Systems. The acquired entity serves all industries with cloud migration and modernization needs. The acquisition bolsters the Cloud Advisory Services, Cloud Migration and Modernization Offerings, Multi-Cloud Managed Services of the listed entity.

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.