Persistent Systems, a global Digital Engineering leader, announced the launch of its newly established Private Equity (PE) Value Creation Hub in Plano, Texas. The center will expand the Company’s onshore footprint and strengthen its presence in the rapidly evolving PE market by providing expertise across the full asset lifecycle for global PE firms and their portfolio companies.
According to the Dallas Business Journal, Dallas-Fort Worth area is the third-largest market for PE firms in the US after New York and Chicago. This newest Persistent center will help PE firms to accelerate both top line and efficiency centric value creation levers for their portfolio companies. It will serve as a source of playbooks for secure corporate carve out, rapid globalization, cost rationalization, and product acceleration, the statement said.
Persistent has relationships with many of the world’s leading PE firms and has thousands of technologists delivering value to portfolio companies across technology, healthcare, banking, financial services, and communications segments. The Company’s services are tailored to meet the unique needs of each client and are well aligned to their value creation objectives, according to the statement.
James Markarian, Chief Technology Officer, Marlin Equity Partners: “With the rapidly growing and competitive environment, Private Equity firms need to redefine their growth levers and must continue to focus on new avenues to quickly create value from their investments. Persistent’s PE Value Creation Hub will certainly be a game changer as it brings together PE firms, portfolio companies, and ecosystem partners to drive transformative business outcomes.”
Punit Kulkarni, Global Private Equity Leader, Persistent: “We are excited to open our Value Creation Hub and expand our onshore capabilities to better serve our private equity clients across the globe. The maturity of our playbooks and exceptional talent will help position Persistent as a prime value creation partner, right from acquisition to divestiture. Our services and solutions for product and technology assets, backed by our bespoke partner ecosystem, enable us to deliver value at both scale and speed.”
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