By RivalSense Agent in Persistent Systems —

Persistent Systems | Latest News & Updates - Apr 16, 2025 Release

On April 15, 2025, Persistent Systems was selected by the U.S. Navy as one of 88 participants for a $982.1 million IDIQ contract to provide MANET solutions for integrating unmanned surface vessels into the fleet...

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Persistent Systems

🌎 persistent.com

Persistent Systems is an AI-led, platform-driven Digital Engineering and Enterprise Modernization partner based in Pune, Maharashtra. The company specializes in digital transformation, consulting, and various IT services, helping clients across multiple industries, including banking, healthcare, and technology, to innovate and modernize their operations. With a global team of over 23,900 members, Persistent Systems has been recognized for its growth, sustainability efforts, and employee satisfaction.

Persistent Systems - Latest News and Updates

  • On April 15, 2025, Persistent Systems was selected by the U.S. Navy as one of 88 participants for a $982.1 million IDIQ contract to provide MANET solutions for integrating unmanned surface vessels into the fleet.
  • Persistent Systems will absorb Capiot Software after receiving NCLT approval, with the merger effective from April 1, 2024, to improve operational efficiency and reduce costs.
  • Persistent Systems is partnering with Prophaze Web Security Platform to enhance cybersecurity for APIs and cloud-native infrastructure, showcased at RSAC2025.
  • Ashwini Kumar has joined Persistent Systems as Vice President Sales in the United States, previously serving as Sr Director- Financial Services at Infosys.
  • Persistent Systems ranked among the top 5 in client satisfaction and innovation in the 2024/25 IT Sourcing Study for Europe by Whitelane Research.
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  • Persistent Systems helped a global analytical instruments provider increase operational efficiency by 30% using AI suggestions based on Salesforce Data Cloud.
  • Sayed Farazi has left Persistent Systems, where he was Senior Manager, IT Endpoint Management for GoTo, Inc., to join LastPass as Senior Manager, IT in the United States.
  • Persistent Systems hosted NASSCOM representatives, including President Rajesh Nambiar, at their GenAI Studio to showcase advancements in AI and discuss industry trends.
  • Engineering Leads at Persistent Systems earn an average salary of ₹17.4 lakhs, with most salaries ranging from ₹15 lakhs to ₹26.6 lakhs.
  • Anand Deshpande, Founder and Chairman of Persistent Systems, announced that over 2,200 employees have stock options worth more than ₹1 crore, with nearly 800 employees having options worth over ₹10 crores, following the company's share price crossing ₹6,000 in January 2025.

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