Add-on Acquisition • Internet Software and Services

Persistent Systems Acquires PRM Cloud Solutions Pty

On March 15, 2016, Persistent Systems acquired internet software and services company PRM Cloud Solutions Pty

Acquisition Context
  • This is Persistent Systems’ 3rd transaction in the Internet Software and Services sector.
  • This is Persistent Systems’ 1st transaction in Australia.

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M&A Deal Summary

Date March 15, 2016
Target PRM Cloud Solutions Pty
Sector Internet Software and Services
Buyer(s) Persistent Systems
Deal Type Add-on Acquisition

Target Company

PRM Cloud Solutions Pty

Oakleigh, Australia
PRM Cloud Solutions Pty Ltd. is a cloud application development firms. PRM provides salesforce partner and cloud application development firms.
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Buyer Overview 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 Context for Buyer #
Overall 8 of 17
Sector: Internet Software and Services 3 of 6
Type: Add-on Acquisition 5 of 14
Country: Australia 1 of 1
Year: 2016 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 Akumina - Cms Business

United States

Akumina - Cms Business provides digital content management solutions.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Genwi

San Jose, California, United States

Genwi, Inc. is a privately held technology company that provides a mobile content enablement platform. The Genwi Marketing System is the first and most flexible, customizable, and proven in the industry. It powers marketing teams at Global 1,000 companies and beyond.

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