Persistent Systems Unveils End-to-End Location Monetization Solution at LTE Asia 2013 Conference

Persistent Systems Unveils End-to-End Location Monetization Solution at LTE 
Asia 2013 Conference 
SINGAPORE -- (Marketwired) -- 09/17/13 --  LTE ASIA 2013 --
Persistent Systems (BOMBAY: PERSISTENT) (NSE: PERSISTENT), the global
leader in software product development and technology services, today
unveiled its Location Monetization Solution -- and end-to-end
solution that enables telecom operators to rapidly launch and
monetize Location Based Services (LBS). Persistent Systems (Stand
#19) will be showcasing its new solution at the LTE Asia 2013
conference being held 18-19 September, 2013 at the Suntec Convention
Centre in Singapore. 
Persistent's Location Monetization Solution provides a complete stack
of Location infrastructure and LBS applications that allows carriers
to launch new revenue generating services in a matter of weeks, with
little to no capital investment. The solution includes position
determining infrastructure, an API middleware that unleashes the
creativity of 3rd party developers and a suite of revenue generating
applications. It is available in on-premises or hosted forms, and is
priced to drastically minimize capital investments. The solution is
built on Persistent's industry proven Location Platform which
supplies the position determination and API middleware capabilities
to an array of network technologies covering LTE, UMTS, GSM and CDMA.
Persistent's Location Monetization Solution also includes a suite of
applications that cater to the needs of SMBs and larger enterprises.
The applications can be used in GPS enabled smartphones, and can also
meet the needs of emerging markets where GPS enabled smartphones have
yet to see heavy market penetration. 
"With all available capital budgets going towards expanding the
network infrastructure with LTE, the carriers find it challenging to
launch new revenue generating services," said Nara Rajagopalan, Chief
Product Officer, Persistent Systems. "Our capital efficient solution
addresses the huge demand we see from mobile operators in emerging
markets for revenue generating location-based services that address
the needs of a wide array of enterprises, from SMBs with basic
handsets to global firms with sophisticated IT capabilities. For over
a decade we have helped
 our mobile operator customers solve their
location-based business challenges. This experience, coupled with our
position as a top global developer of mobile applications, has
enabled us to design the industry's first end-to-end solution for
location monetization." 
Conference attendees Persistent Systems' stand (#19) will have the
opportunity to meet Persistent Systems' team of LBS experts and learn
how location can be monetized effectively to generate new revenue
streams. To schedule a media interview or analyst briefing at the
conference, please contact Rashmi Joshi at 
About Persistent Systems:
 Persistent Systems (BOMBAY: PERSISTENT)
(NSE: PERSISTENT) is a global company specializing in software
product and technology services. For over two decades, Persistent has
consistently been selected as the trusted innovation partner for the
world's largest technology brands, leading enterprises and pioneering
start-ups. Persistent has a global team of more than 7,000 employees
worldwide including offices and delivery centers in North America,
Europe, and Asia. Persistent develops best-in-class solutions in key
next-generation technology areas including Analytics, Big Data, Cloud
Computing, Mobility and Social, for the telecommunications, life
sciences, healthcare, and banking & financial services verticals. For
more information, please visit:  
Forward-looking and Cautionary Statements: For risks and
uncertainties relating to forward-looking statements, please visit: 
Media Contacts:  
Rashmi Joshi 
Persistent Systems Ltd. 
Tel: +91 83083 39400 
Ilona Mohacsi
PenVine for Persistent Systems
Tel: +1 631 764 3729
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