Persistent Systems, a global digital engineering provider, has been recognized as a leader in Software Product Engineering Services Called Peak Matrix 2023 by Everest Group.
Persistent encourages co-innovation with a focus on new product development for today’s leading digital companies. Its software product engineering services span all stages of the product lifecycle to accelerate software development and business modernization initiatives that transform customers’ digital product experiences, the statement said.
In its fourth edition, Everest Group’s Software Product Engineering PEAK Matrix assessment evaluates the capabilities and market impact of 33 software engineering service providers overall and in five verticals: Banking, Financial Services and Insurance (BFSI), Healthcare, Independent Software Vendors (Independent Software Vendors, ISVs), Media & Entertainment, and Retail. It provides an objective, data-driven assessment of service providers based on their overall vision and capabilities, as well as market impact across diverse global services markets, and classifies them into three categories: Leaders, Key Challengers, and Emerging Companies.
Rahul Shrivastava , Senior Vice President, Hi-Tech and ISV, of Persistent: “Software is at the heart of every business today, making it essential for organizations to have access to software engineering expertise. We leverage our product engineering DNA to deliver next-generation enterprise modernization solutions and partner with our clients to drive digital transformation across industries. This recognition from Everest Group is a clear endorsement of our work in this area.”
Akshat Vaid , Vice President, Engineering Services Research, at Everest Group: “Persistent has significantly increased its role in the engineering services market for software products in recent years. This is clearly reflected in his rise to a Leader in Everest Group’s 2023 rating One of Key drivers of success have been the ability to bring software-driven transformation capabilities to BFSI and healthcare clients. The company has demonstrated leadership in cloud engineering and further strengthened its capabilities in this space with the acquisitions of MediaAgility and Data Glove. Customers value Persistent’s strong project management capabilities, flexible business models and strong talent management policies, which limit the attrition of mission-critical managers and developers.”
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