M&A Deal Summary

Persistent Systems Acquires Starfish Associates

On July 3, 2024, Persistent Systems acquired software company Starfish Associates

Acquisition Highlights
  • This is Persistent Systems’ 6th transaction in the Software sector.
  • This is Persistent Systems’ 11th transaction in the United States.
  • This is Persistent Systems’ 3rd transaction in New Jersey.

M&A Deal Summary
Date 2024-07-03
Target Starfish Associates
Sector Software
Buyer(s) Persistent Systems
Deal Type Add-on Acquisition

Target

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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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 16 of 17
Sector (Software) 6 of 6
Type (Add-on Acquisition) 13 of 14
State (New Jersey) 3 of 3
Country (United States) 11 of 11
Year (2024) 1 of 2
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 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.

Buy -
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