Persistent Unveils New Global Hub in Texas for Private Equity Value Creation

0
88
Persistent Unveils New Global Hub in Texas for Private Equity Value Creation
Persistent Unveils New Global Hub in Texas for Private Equity Value Creation

Further expands capabilities in corporate carve out, platform modernization, and operational improvement

Plano, TX and Pune, India:

News Summary

Persistent Systems (BSE and NSE: PERSISTENT), a global Digital Engineering leader, today announced the launch of its newly established Private Equity (PE) Value Creation Hub in Plano, Texas. The center will expand the Company’s onshore footprint and strengthen its presence in the rapidly evolving PE market by providing expertise across the full asset lifecycle for global PE firms and their portfolio companies.

According to the Dallas Business Journal, Dallas-Fort Worth area is the third-largest market for PE firms in the US after New York and Chicago. This newest Persistent center will help PE firms to accelerate both top line and efficiency centric value creation levers for their portfolio companies. It will serve as a source of playbooks for secure corporate carve out, rapid globalization, cost rationalization, and product acceleration.

Persistent has relationships with many of the world’s leading PE firms and has thousands of technologists delivering value to portfolio companies across technology, healthcare, banking, financial services, and communications segments. The Company’s services are tailored to meet the unique needs of each client and are well aligned to their value creation objectives.

James Markarian, Chief Technology Officer, Marlin Equity Partners:

“With the rapidly growing and competitive environment, Private Equity firms need to redefine their growth levers and must continue to focus on new avenues to quickly create value from their investments. Persistent’s PE Value Creation Hub will certainly be a game changer as it brings together PE firms, portfolio companies, and ecosystem partners to drive transformative business outcomes.”

Punit Kulkarni, Global Private Equity Leader, Persistent:

“We are excited to open our Value Creation Hub and expand our onshore capabilities to better serve our private equity clients across the globe. The maturity of our playbooks and exceptional talent will help position Persistent as a prime value creation partner, right from acquisition to divestiture. Our services and solutions for product and technology assets, backed by our bespoke partner ecosystem, enable us to deliver value at both scale and speed.”

Also readAutomate People and Process Management with greytHR

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics