Persistent Systems Ltd.

Persistent Systems and Persistent Systems, Inc. (collectively the ‘Company’ or ‘Persistent’) have entered into an Asset Purchase Agreement with SoHo Dragon Inc. for the acquisition of its identified assets on September 10, 2024. SoHo is primarily in the business of providing IT services to BFSI customers. The acquisition of the select assets will help in consolidating the relationship with a strategic and large customer in the BFSI domain. It is expected that the acquisition of assets will be completed within 4-8 weeks subject to satisfaction of customary closing conditions.

Persistent Systems is a global company specializing in software product and technology services.