News

Persistent Systems announced that the 36th Annual General Meeting(AGM) of the company will be held on 3 August 2026.

The board of  Persistent Systems at its meeting held on 26 -27 June 2026 has approved the following:- The establishment of Galaxy Germany Holding SE as a wholly owned subsidiary of the company, by way of acquiring its 100% stake through the local consultant in Germany. The entity currently has no operational business and is acquired to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region. - The acquisition of the shareholding of Nagarro SE, a listed entity in Germany (target company) from its largest shareholder namely Lantano Beteiligungen GmbH, a German entity (represented by Carl-Georg D�rschmidt). In line with this objective and as mentioned above, the company has acquired Galaxy Germany Holding SE, as its wholly owned subsidiary in Germany, on 26 June 2026, to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region. Subsequently, Galaxy Germany Holding SE has entered into a share Purchase Agreement with Lantano Beteiligungen GmbH on 26 June 2026 for the acquisition of 21% shareholding (excluding treasury shares) of Nagarro SE, a listed entity in Germany (target company/ Nagarro) subject to the satisfaction of customary closing conditions and requisite regulatory approvals.Nagarro is a Munich-headquartered leader in digital engineering with ~18,500 employees across 40+ countries, deep roots in industrial, consumer, TMT and BFSI verticals and a total revenue of EUR 1 billion (CY25).Persistent � Nagarro Group forms a perfect strategic fit, combining Persistent`s AI-led engineering leadership, North American scale and partnership depth with Nagarro`s European business, complementary verticals, AI expertise, and ERP and CX delivery, to create a ~USD 2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries. - The board also approved providing the corporate guarantee up to EUR 1,540,000,000 to Barclays Bank PLC in favour of Galaxy Germany Holding SE, a wholly owned subsidiary of the Company to secure the bridge financing facility. The bridge financing is proposed to be utilised by Galaxy Germany Holding SE to settle the applications to be received in the voluntary public takeover offer and for the separate sale and purchase of 21% shares (excluding treasury shares) of the target company from Lantano Beteiligungen GmbH and potentially support the target company with refinancing its debt, and other transaction-related requirements and expenses.  

Persistent Systems collaborated on an AI engineering talent initiative with Databricks and the Milwaukee School of Engineering (MSOE) to help strengthen the next generation of enterprise-ready AI talent. Developed in collaboration with the MSOE AI Club, Persistent anchored a Databricks-powered AI Hackathon to scale AI delivery capabilities through deeper collaboration across academia, technology ecosystems and industry practitioners. The program provided students with the opportunity to work with AI professionals, bridging the gap between academic AI learning and real-world implementation.Using the Databricks Data Intelligence Platform and supported by the Databricks University Alliance, the initiative gave students hands-on exposure to advanced data and AI engineering environments used in modern analytics, Generative AI and operational AI deployments. It also emphasized on operational scalability, governance, reliability and engineering discipline. Participants worked across the AI lifecycle using technologies including Delta Lake, Unity Catalog, Agent Bricks, and Databricks Workflows, gaining practical experience in scalable AI pipelines, governed data environments, AI orchestration and production-ready AI architectures.

Persistent Systems announced the signing of an agreement to expand its Eastern European presence through the integration of a specialized team of more than 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company. Subject to closing conditions, the transaction will strengthen Persistent`s European nearshore delivery network and enhance its ability to help enterprises evolve large-scale digital infrastructure and globally integrated operations. The establishment of delivery centers in Tallinn and Tartu would expand Persistent`s European footprint and strengthen its nearshore delivery model for clients across the region. Estonia`s advanced digital ecosystem and deep technology talent base will provide a strong foundation for supporting AI-led transformation requiring governance alignment and stronger regional engagement. The expansion also aims to strengthen Persistent`s relationship and depth of expertise with a strategic customer in the enterprise mobility segment in the region.

Persistent Systems and Kong, a leading developer of API and AI connectivity, today announced a strategic partnership to help enterprises implement the control layer required to scale AI securely and reliably. Persistent is uniquely positioned as Kong`s global systems integration partner, combining its engineering-led approach with Kong`s unified API and AI connectivity platform to simplify integration, strengthen governance and accelerate enterprise AI adoption.As enterprises move from AI experimentation to production, the challenge is no longer access to models. It is how AI systems are connected, governed and operated at scale. APIs, data pipelines, models and agents are converging into a single operational fabric. Without a unified control layer, this fabric becomes fragmented, difficult to govern and increasingly complex to scale. This partnership addresses that gap by enabling enterprises to implement Kong`s governed, scalable connectivity layer across APIs, data and AI services. Together, Persistent and Kong will enable organizations to modernize legacy API environments, strengthen governance and reduce operational costs, while supporting high-performance workloads seamlessly across hybrid and multi-cloud environments.The collaboration also enables enterprises to operationalize GenAI and agentic workflows, including Model Context Protocol-based architectures, with built-in security, observability and policy-driven control. This includes policy-driven safeguards such as Personally Identifiable Information (PII) protection, centralized access management and end-to-end observability, ensuring enterprise-grade security and compliance across API and AI interactions.The partnership advances Persistent`s AI-first, platform-driven approach by creating a more predictable path from AI ambition to enterprise-scale execution. By combining Kong`s AI Gateway and unified API and AI connectivity platform with Persistent`s GenAI Hub and engineering-led delivery, organizations can move beyond isolated use cases toward governed, production-grade AI systems with greater control, lower risk and faster realization of business value.