Persistent Systems Limited — JV/Acquisition, 28-05-2026: Acquisition

Persistent Systems, through its subsidiary PerSys Estonia, is acquiring a part of Concise Systems OÜ's IT services business for €5.6 million. This strategic acquisition is set to strengthen a key customer relationship and significantly expand Persistent's nearshore delivery presence in Eastern Europe. The acquired business brings an estimated annual revenue of €11.6 million, representing a substantial operational enhancement. This move effectively de-risks long-term delivery and opens new partnership avenues, bolstering Persistent's market position.