Persistent Systems Ltd.

Persistent Systems, the global leader in software product and technology services, has entered into a definitive agreement to acquire privately-held NovaQuest, a Product Lifecycle Management (PLM) and search based technology solutions company and a leading Value Added Reseller (VAR) and services provider of Dassault Systemes’ 3DEXPERIENCE platform and applications.

With this acquisition, the company entered into a strategic partnership with Dassault Systemes to sell and offer support, maintenance and deployment services as an authorized VAR for Dassault Systemes in the United States. The terms of acquisition were not disclosed.

Headquartered in Charlotte, North Carolina, NovaQuest’s team of about 20 seasoned PLM specialists have joined Persistent Systems to expand the company’s expertise in 3DEXPERIENCE and PLM applications and to support a growing client base across the aerospace, automotive, business services, consumer goods, energy, industrial equipment, life sciences, high tech and government verticals.