Persistent Systems Ltd. to Acquire Starfish Associates, LLC for $8.2M

Persistent Systems Inc, USA, a wholly owned subsidiary of Persistent Systems Ltd., has entered into a Stock Purchase Agreement for the acquisition of Starfish Associates, LLC, USA. The acquisition, valued at US $8.2M, is expected to enhance Persistent's multi-vendor communication management and integration capabilities with key business applications. The acquisition is not a related party transaction and does not involve the promoter or promoter group of the company. Starfish, a global software company, provides enterprise communication solutions to Fortune 500 companies and had LTM revenue of US $8.2M as of March 31, 2024. The acquisition is expected to bolster Persistent's existing engineering capabilities in the Unified Communications and Contact Center, expanding its strong AI-driven business transformation capabilities and expertise in driving operational excellence.