Enterprise modernisation firm Persistent Systems to acquire Data Glove for USD 90.5 Mn
Persistent Systems is all set to acquire the business of Data Glove Inc, a New Jersey based company for USD 90.5 million in an all cash-deal. Data Glove brings extensive experience across Microsoft Azure, business applications and workplace offerings as a One Commercial Partner (OCP). Data Glove is a Microsoft Cloud Modernization Services Partner with Gold level competencies in Azure Cloud Platform, Data Center, Application Development and Data Analytics, Application Integration, as well as comprehensive intellectual property to accelerate Azure adoption. As our clients continue their digital acceleration, cloud modernisation and workforce productivity remain as critical as ever to sustaining competitive advantage and reducing costs. With the acquisition of Data Glove, we are forming a new Microsoft business unit to enhance our partnership and expand our expertise in Azure-based digital transformation, enabling us to capture a larger share of this high growth market. This acquisition also broadens our delivery capabilities with highly skilled talent, establishing a new nearshore delivery center in Costa Rica and expanding our presence in the US and India, said Sandeep Kalra, CEO, Persistent Systems. Persistent Systems intends to use Data Glove’s expertise with Microsoft products and build a new dedicated Microsoft business unit. The new unit will focus on Microsoft training and certifications, work closely with community colleges and regional universities to promote new talent. Microsoft Azure cloud provides scalable, flexible infrastructure while its business applications and workplace offerings enable increased productivity and enhanced employee experience. According to IDC, the Cloud Professional Services market is estimated to reach USD 93.8 billion by 2025.
Enterprise modernisation firm Persistent Systems to acquire Data Glove for USD 90.5 Mn
Enterprise modernisation firm Persistent Systems to acquire Data Glove for USD 90.5 Mn
["Mergers and Acquisitions", "Microsoft Azure", "Persistent Systems"]
["Go", "cloud_platforms:Azure", "AI", "R", "Persistent Systems", "digital transformation", "Scala", "Git", "ViT", "analytics", "Microsoft Azure", "Mergers and Acquisitions", "Azure"]
["AI", "analytics", "Azure", "R", "Go", "Scala", "Git", "ViT", "digital transformation", "cloud_platforms:Azure"]
Sharath is an ardent believer in the ‘Transhumanism’ movement. Anything and everything about technology excites him. At Analytics India Magazine, he writes about artificial intelligence, cybersecurity and the impact these emerging technologies have on day-to-day human lives. When not working on a story, he spends his time reading tech novels and watching sci-fi movies and series.