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  6. Persistent Systems Acquires Akshat

M&A Deal Summary

Persistent Systems Acquires Akshat

On July 3, 2015, Persistent Systems acquired information technology company Akshat

Acquisition Highlights
  • This is Persistent Systems’ 2nd transaction in the Information Technology sector.
  • This is Persistent Systems’ 4th transaction in the United States.
  • This is Persistent Systems’ 2nd transaction in Washington.

M&A Deal Summary
Date 2015-07-03
Target Akshat
Sector Information Technology
Buyer(s) Persistent Systems
Deal Type Add-on Acquisition

Target

Akshat

Redmond, Washington, United States
RGEN offers IT services and solutions like business intelligence, staffing, software development and testing and SharePoint 2010 services.

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Buyer(S) 1

Buyer

Persistent Systems

Pune, India
Category Company
Founded 1990
Sector Information Technology
Employees22,205
Revenue 119.4B INR (2025)
DESCRIPTION

Persistent Systems is a global company specializing in software product and technology innovation. It uses product engineering processes to develop solutions for customers in technology, telecommunication, life science, healthcare, banking, and consumer products sectors across North America, Europe, and Asia. Persistent Systems was founded in 1990 and is based in Pune, Maharashtra.

DEAL STATS #
Overall 6 of 17
Sector: Information Technology M&A 2 of 4
Type: Add-on Acquisition M&A Deals 4 of 14
State: Washington M&A 2 of 2
Country: United States M&A 4 of 11
Year: 2015 M&A 1 of 2
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