M&A Deal Summary

Persistent Systems Acquires Data Glove

On February 9, 2022, Persistent Systems acquired information technology company Data Glove

Acquisition Highlights
  • This is Persistent Systems’ 4th transaction in the Information Technology sector.
  • This is Persistent Systems’ 9th transaction in the United States.
  • This is Persistent Systems’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-02-09
Target Data Glove
Sector Information Technology
Buyer(s) Persistent Systems
Deal Type Add-on Acquisition

Target

Data Glove

Princeton, New Jersey, United States
Data Glove is a provider of transformative consulting services and business solutions worldwide. The company brings extensive experience across Microsoft Azure, business applications, and workplace offerings as a One Commercial Partner (OCP). It is a Microsoft Cloud Modernization Services Partner with Gold level competencies in the azure cloud platform, data center, application development, and data analytics, Application Integration, as well as comprehensive intellectual property to accelerate Azure adoption. Data Glove was formed in Princeton, New Jersey.

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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 14 of 17
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 11 of 14
State (New Jersey) 1 of 3
Country (United States) 9 of 11
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 SCI

Charlotte, North Carolina, United States

SCI provides in-depth advisory services in a specialty area of ​​payment solutions, integration and support services for an impressive portfolio of major US banks. SCI was founded in 1990 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 MediaAgility

Princeton, New Jersey, United States

MediaAgility is a global cloud transformation services provider with deep expertise building scalable, cloud-based solutions as a Google Cloud Premier Partner. MediaAgility is based in Princeton, New Jersey.

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