PERSISTENT Systems Private Ltd, the over Rs 220-crore provider of
outsourced software product development services, has announced its
acquisition of Metrikus (India) Pvt Ltd, a subsidiary of the
privately-held, venture capitalfunded Metrikus Inc, USA, for an
undisclosed amount. This is the 17-year old Persistentâ€™s third
acqusition, and second in India, its first acquisition being a US-based
Through this acquisition, Persistent Systems and Metrikus Inc have entered into a revenue sharing agreement to jointly market business intelligence solutions. All of Metrikus Indiaâ€™s 30 employees will now join Persistent, which will get a presence in Hyderabad, where Metrikus India is located.
Metrikus operates in the area of business intelligence, which comprises a set of tools and applications that allow corporate decision makers to gather, organise, distribute and act on critical business information.
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