Persistent Systems sets up a Center of Excellence for IBM Rational products
Released on: January 3, 2008, 2:33 am
Press Release Author: 20:20 media
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Press Release Summary: Persistent Systems sets up a Center of Excellence for IBM Rational products
Press Release Body: NOT FOR US RELEASE
Persistent Systems sets up a Center of Excellence for IBM Rational products
Pune, India - Jan 03, 2008 - Persistent Systems Ltd., one of the leading outsourced software product development ("OPD") specialists, offering customers the benefits of offshore delivery, recently came together with IBM, to set up a Center of Excellence (CoE) for IBM Rational products. The CoE will help Persistent to build a virtual community of developers, support teams and service personnel who specialize in supporting IBM products to share ideas, solutions and resources.
The CoE at Persistent facility was inaugurated by Sriram Rajan - Vice President, IBM Software Group, IBM India Pvt Ltd., Dr. Srikanth Sundararajan, COO, Persistent Systems.
Commenting on this event Dr. Srikanth Sundararajan said that "The CoE is a step forward to deliver innovative new solutions to our customers and prospects; Persistent is very excited by the synergy arising from this partnership, which delivers a compelling value proposition to Persistent customers. This initiative is a completely new way of organizing our infrastructure and our goal is to equip and benefit our employees to develop world class products\".
According to Sriram Rajan - Vice President, IBM Software Group, IBM India Pvt. Ltd., "IBM has continuously partnered with the ecosystem to help them capitalize on the growing opportunity and ensure that they have the range and depth of skills to achieve their objectives. This center of excellence is just another example of how two companies can come together to help organizations maximize the returns on investments and improve performance".
Persistent employees were also felicitated in this function and were given a certificate for their successful completion of the IBM Rational software training program.
About Persistent Systems
Persistent Systems Ltd. is one of the leading outsourced software product development ("OPD") specialists, offering customers the benefits of offshore delivery. It delivers services across all stages of the product life cycle, which enables it to work with a wide-range of customers and allows it to develop, enhance and deploy its customers' software products. It has created an innovative suite of time-to-market accelerators and tools that give customers a competitive advantage. Over the past five years, it has contributed to more than 1,500 product releases for customers. Its comprehensive suite of service offerings allows it to attract new customers and expand existing customer relationships.
The Company is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Draft Red Herring Prospectus with SEBI. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at www.enam.com, www.jmfinancial.in and www.morganstanley.com/indiaofferdocuments .
Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" of the aforementioned Draft Red Herring Prospectus.
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