Persistent Systems Set To Expand In Morocco

Persistent Systems said today that it has entered into a strategic partnership with SysCare Technology, a Moroccan IT company.

This acquisition would help Persistent expand its activities in Morocco by providing software development and technology services and support to its client in Africa and the Mediterranean region.

The partnership goes well with the company’s intent of expanding into emerging geographies. Moreover, the fact that Morocco has free trade agreements with EMEA and the US opens up additional prospects for Persistent. Considering these factors, Morocco will act as the region centre for Persistent’s clients in Africa and the Mediterranean region.

Persistent has been consistently engaging in inorganic growth either through strategic partnerships or through acquisitions.

In March 2013, it launched a biological research and development initiative to develop a heuristic model of skin cell interplay mechanisms to be enhanced through mathematical modelling in association with Bio-Modelling Systems.

Similarly in February 2013, it entered into a strategic partnership with HP to license its HP Client Automation software. This strengthened its IP portfolio and added to its expertise. In January 2013, it acquired NovaQuest, a PLM and search based technology solutions company and a leading value added reseller and service provider of Dassault Systemes’ platform and applications.

We have been bullish on the prospects of Persistent because of its IP-led approach and its ability to scale its operations through inorganic ways. We have recommended it at various instances across issues of Dalal Street Investment Journal and we continue to remain positive on the outlook of the company.