Persistent Systems trades flat despite deepening collaboration with IBM

Persistent Systems announced its plans to expand its current relationship with IBM further to help fuel open hybrid cloud adoption, core IT modernisation and digital transformation for its customers across the enterprise.    

The company will continue to invest in IBM technology, which will help its customers adopt hybrid cloud architectures with Red Hat OpenShift, industry-specific clouds, and advanced security practices. Persistent will continue to work with IBM to accelerate hybrid cloud adoption by adding co-engineering cross functional and specialised teams focussed on product engineering and advanced technology skills to help meet the needs of today’s customers.   

In the security modernisation segment, the company’s 600+ person security services practice will work closely with IBM Global Business Services to accelerate innovation and help customers in expanding their security footprint.  

The company intends to onboard its Digital Banking Solution to IBM Cloud for financial services to help ensure that all the transactions are compliant and is conducted in a secured & safe environment. It will also, build and deploy its Telco Network Cloud Manager solution on IBM Cloud for Telecommunications to help enable network equipment partners to accelerate business transformations by unlocking the power of 5G & edge.  

At 12.32 pm on Thursday, the shares of Persistent Systems were trading 0.06 per cent down at Rs 2,475.15 on BSE.

---