Persistent Systems Acquires NovaQuest, a Leading Reseller of Dassault
Systemes' 3DEXPERIENCE and PLM Applications
Company Enters Into a Strategic Partnership With Dassault Systemes
PUNE, INDIA and SANTA CLARA, CA -- (Marketwire) -- 01/16/13 --
Persistent Systems (BOMBAY: PERSISTENT) (NSE: PERSISTENT), the global
leader in software product and technology services, today announced
it 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, Persistent Systems enters 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. Terms of the acquisition
were not disclosed.
The acquisition furthers Persistent Systems' objectives in expanding
its PLM practice, strengthening its existing partnership with
Dassault Systemes, and growing its North American footprint.
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.
"Persistent Systems and Dassault Systemes have developed a strong
partnership, and now with the acquisition of NovaQuest, we are
further able to expand our relationship and support for Dassault
Systemes applications, as well as grow our PLM business across new
industry verticals," said Hari Haran, President, Persistent Systems
Inc. "NovaQuest brings a proven track record of successfully helping
companies with knowledge capture and better decision-making and we
look forward to continuing to serve and add value to NovaQuest's
customers. We are delighted to have the NovaQuest team of experts
join the Company and, as a Dassault Systemes VAR, we look forward to
helping companies increase their adoption and extract the maximum
value from their Dassault Systemes investments."
"Persistent Systems brings significant value to the Dassault Systemes
community and we are pleased to partner with them," said Bruno
Latchague, Executive Vice President of Value Solutions and Managing
Director of North America for Dassault Systemes. "Their deep
expertise in product development and technology services, combined
with NovaQuest's knowledge of Dassault Systemes solutions, will help
companies compete more effectively by transforming their innovation
About Persistent Systems:
Established in 1990, Persistent Systems
(BOMBAY: PERSISTENT) (NSE: PERSISTENT) is a global company
specializing in software product and technology services. For more
than two decades, Persistent has been an innovation partner for the
world's largest technology brands, leading enterprises and pioneering
start-ups. With a global team of more than 6,000 employees,
Persistent has 300 customers spread across North America, Europe, and
Asia. Today, Persistent focuses on developing best-in-class solutions
in four key next-generation technology areas: Cloud Computing,
Mobility, Analytics and Collaboration, for telecommunications, life
sciences, consumer packaged goods, banking & financial services and
healthcare verticals. For more information, please visit:
Forward-looking and Cautionary Statements: For risks and
uncertainties relating to forward-looking statements, please visit:
All trademarks, trade names, service marks, and logos referenced
herein belong to their respective companies.
Persistent Systems Ltd.
Tel: 91 83083 39400
PenVine for Persistent Systems Ltd.
Tel: +1 631 764 3729
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