M&A Deal Summary

Persistent Systems Acquires Arrka

On September 30, 2024, Persistent Systems acquired business services company Arrka

Acquisition Highlights
  • This is Persistent Systems’ 1st transaction in the Business Services sector.
  • This is Persistent Systems’ 2nd transaction in India.

M&A Deal Summary

Date 2024-09-30
Target Arrka
Sector Business Services
Buyer(s) Persistent Systems
Deal Type Add-on Acquisition

Target

Arrka

Pune, India
Arrka is a data privacy expertise, its pioneering Data Privacy Management platform, and growing expertise in AI governance. Arrka was founded in 2012 and is based in Pune, India.

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Buyer(S) 1

Buyer

Persistent Systems

Pune, India

Category Company
Founded 1990
Sector Information Technology
Employees21,950
Revenue 98.2B INR (2024)
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, India.


DEAL STATS #
Overall 17 of 17
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 14 of 14
Country (India) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Starfish Associates

Bridgewater, New Jersey, United States

Starfish Associates partners in digital engineering and enterprise modernization, leveraging deep technical expertise to help clients stay ahead. The company partners with US companies and banks, by driving innovation across healthcare and life sciences, banking, financial services, and insurance, software and hi-tech, and emerging verticals. Starfish Associates is based in Bridgewater, New Jersey.

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