In other news, Persistent Systems has dissolved its step-down US subsidiary, Software Company International LLC, effective from June 27. Despite this, the company's shares rose 3.17% higher to a record high of Rs 4,739 and were trading 2.23% higher at Rs 4,969.05 as of 9:45 a.m. The stock has risen 92.96% in 12 months and 26.7% on a year-to-date basis.
Key takeaways:
- Persistent Systems Ltd. has acquired a New Jersey-based firm, Starfish Associates, to expand its AI-driven businesses.
- Starfish Associates is known for its enterprise communication automation platform and serves many Fortune 500 companies.
- Persistent Systems has also dissolved its step-down US subsidiary, Software Company International LLC, effective from June 27.
- Shares of Persistent Systems rose 3.17% higher to a record high of Rs 4,739 and the stock has risen 92.96% in 12 months and 26.7% on a year-to-date basis.