Persistent Systems to acquire Data Glove for $90.50 Million

Persistent Systems

Persistent Systems has now entered into an agreement deal to buy Data Glove Inc for $90.50 million. The acquisition is expected to be completed within the coming 4-5 weeks.

Data Glove is a leader in transformative consulting services and business solutions, with total annual revenues of around $48.96 million for CY 21 and more than 700 employees across the globe.

Data Glove has its specialization in offering services across the entire Microsoft Product Suite, including Azure-based digital transformation, cloud advisory services, data modernization, workspace modernization, business application innovation, and intelligent automation.

Executive Opinion

Sandeep Kalra, Chief Executive Officer, and Executive Director, Persistent Systems, said, "As our clients continue their digital acceleration, cloud modernization and workforce productivity remain as critical as ever to sustaining competitive advantage and reducing costs. With the acquisition of Data Glove, we are forming a new Microsoft business unit to enhance our partnership and expand our expertise in Azure-based digital transformation, enabling us to capture a larger share of this high-growth market. This acquisition also broadens our delivery capabilities with highly skilled talent, establishing a new nearshore delivery center in Costa Rica and expanding our presence in the US and India."

Ali Zaidi, Research Vice President, IDC, said, "The acceleration of digital adoption during the pandemic has led to increased demand for cloud and workplace solutions. Persistent acquisition of Data Glove and the launch of a new Microsoft business unit will help capture market share by taking advantage of the growing Azure and Microsoft-led opportunities. Microsoft-related implementation services are one of the highest spending growth segments of the global implementation services market, in particular, in the areas of cloud, analytics, and CRM."

The acquisition deal

Persistent plans to leverage this acquisition to enhance its partnership with Microsoft, to strengthen expertise in Azure-based digital transformation and some other offerings in Microsoft Slack, as well as to expand its geographic footprint and talent pool.

As a part of the acquisition deal, Persistent will form a dedicated Microsoft Business Unit as well as establish a nearshore delivery center in Costa Rica.

This acquisition also broadens our delivery capabilities with highly skilled talent, establishing a new nearshore delivery center in Costa Rica and expanding the presence in India and US.
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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