Persistent Systems Levels Up: CAPIOT Software Merger Officially Sanctioned by NCLT Mumbai

Persistent Systems Ltd has confirmed that the National Company Law Tribunal (NCLT) Mumbai has granted final approval for the merger of CAPIOT Software into Persistent Systems. This merger is an important step forward in Persistent's plans to enhance enterprise integration capabilities and expand service offerings.

 

CAPIOT Software, an expert in enterprise modernization/integration platforms such as MuleSoft, Red Hat, and TIBCO, will now be completely integrated into Persistent. This merger should enhance Persistent's ability to deliver API-led integrations, managed services, and advisory solutions based on evolving business needs.

 

Sandeep Kalra, CEO of Persistent Systems, called the merger very encouraging, stating it will deliver immediate benefits to clients by accelerating digital transformation initiatives while allowing Persistent Systems to continue to position itself within the Salesforce ecosystem. Vasudeva Anumukonda, CEO of CAPIOT Software, also shared the potential for broader solutions and faster results to clients in an environment of rapid change in technology.

 

This merger also continues Persistent Systems strategy to acquire and grow its Global footprint across healthcare, finance and retail industries.

 

Source: Persistent Systems Ltd.