Persistent Systems

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Persistent Systems Pvt. Ltd.
Type of Company	Private
Founded	1990
Headquarters	Pune, India
Key people	Anand Deshpande, CMD Suresh Deshpande, Director Srikanth Sundararajan, COO Jaideep Srivastava, CTO Ravi Krishnamurthy, President
Industry	Computer Services
Revenue	$48.92 million USD
Employees	~2500 (2006)
Website	www.persistentsys.com

Persistent Systems Private Limited is a Software Development company based in Pune, India. It is considered to be one of the older and leading IT organizations in India in the Outsourced Product Development Segment. Its activities are unique in that all its clients are the 'technology' firms, and Persistent contributes to their Product Development. The company was established in 1989 and has to-date, mostly remained away from the Services and Consulting arena.

In its initial stages, in close resemblance to its name, the company used to work only in the fields of Data Management, Databases and Data Structures. However slowly and gradually, it expanded to other technological domains as well. Starting from an initial strength of two, including its founder CMD Dr. Anand Deshpande, the company today has a workforce in excess of 2500 employees and has seen more than 700 release cycles and over 150 clients, ranging from start ups to mature companies.

The prime business units of the company are Telecom BU, Large Independent Software Vendor (ISV) BU, Small ISV BU, Solutions & Enterprise BU and Techforum. The company has a significant technical know-how in domains of Content Management, Search Tools, RFID, LDAP, Identity Management, Telecom & Wireless, Databases, Custom Connectors and Web Services. Some of the major clients of the company to-date have been IBM, Microsoft, Oracle, Agilent, TeraData, Veraz Networks and Bridgestone.

It is said that the work environment and the appraisal policies of the organization are quite employee friendly.

1 The business
2 Offices
3 References
4 External links

[edit] The business

Persistent, who were ranked as the 11th fastest growing Indian company in the Technology Fast 500 Asia Pacific 2004 report of Deloitte, have recently acquired USA-based ControlNet to expand into embedded systems and the ASIC market. Persistent develops data connectors for Google’s OneBox for Enterprise that allows the search company to locate information from enterprise applications as well as employee directories and calendars.^[1]

The company is attracting significant inward investment^[2] and, having recorded a turnover of Rs 216 crore (about 24.5 million GBP) for 2005-06, it is targeting 50 percent growth year-on-year.^[3]

[edit] Offices

Persistent has many offices in Pune, Maharashtra India. Pune is fast emerging as the favourite IT destination of the country with many IT majors opening their branches in the city. The office buildings of Persistent have been named after people who have been important in Indian mythology and history. The buildings of Persistent in Pune are:

Bhageerath

This is the Corporate Headquarters of the company. Some of the developmental activities, mostly for the Telecom Business Unit also take place here. The building houses the Devang Mehta Auditorium, which is arguably the best auditorium in Pune.

Pingala-Aryabhata

Pingala-Aryabhata, Persistent

This is the major development center of the company. The complex is presently in the final stages of completion. It has two 10-storeyed towers named after Pingala and Aryabhata on the Southern and Northern ends respectively, which are internally connected to each other. It houses the Training Center and the Human Resources Department of the Company.

Persistent Towers

This complex is under construction at Rajiv Gandhi Infotech Park, Hinjewadi, Pune. It is planned to construct four interconnected towers at this site. The construction is expected to be completed by May 2007, and then it would be the biggest development center of Persistent Systems, as it would approximately be twice the capacity of Pingala-Aryabhata.