Persistent Systems said that it would buy certain assets from San Jose, California and Pune-based Sureline Systems in a cash deal of up to $2.5 million (Rs 18.2 crore).
“In order to bolster our cloud transformation offerings and solutions, we’re excited to announce the acquisition of assets and a highly specialized team of cloud experts from Sureline Systems,” the blog post said.
“This acquisition will reduce cloud migration costs and speed modernization from on-prem data centers to multi-cloud environments. Based in San Jose, California, and Pune, India, Sureline Systems delivers “cloud migration without constraints” through a set of proven platforms,” it added.
The acquisition of selected contracts, intellectual properties, employees and assets will strengthen Persistent’s cloud and infrastructure offerings, the company said in a filing.
“This move will reduce cloud migration costs and speed up modernisation from on-premises data centres to multi-cloud environments,” Ravi Mathi, principal practitioner of Persistent, said in a blog post.
Founded in 1990 by IIT Kharagpur alumnus Anand Deshpande, Persistent develops software solutions for telecom, banking and financial services, life sciences and healthcare sectors.
Founded in 2010, Sureline Systems provides cloud migration and disaster recovery solutions. It has regional offices in Japan, India and Dubai.
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