Persistent named a Star Performer in Everest Group’s Software Product Engineering Services PEAK Matrix® Assessment 2021

Santa Clara, California; Pune, India

News Summary

Persistent Systems (BSE and NSE: Persistent) has been named and a Star Performer and a Major Contender in the Everest Group Software Product Engineering Services Peak Matrix^® Assessment 2021.

Persistent is a trusted software engineering partner able to drive co-innovation focused on new product development for today’s leading software brands. Our software product engineering services reach across every stage of the software product life cycle to help accelerate software development and software modernization initiatives to transform your digital product experiences.

Now in its third year, Everest Group’s Software Product Engineering PEAK Matrix® Assessment evaluates 31 engineering service providers and shares insights on enterprise sourcing considerations. It provides an objective, data-driven assessment of service providers based on their overall vision & capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants. The evaluation identifies Star Performers based on the greatest positive relative year-over-year movement on the PEAK Matrix®.

Persistent stood out for:

• Strong focus on building credibility and enhancing market position, backed by consistent investments in acquisitions, labs, and centers of excellence.
• A strengthened portfolio of IP assets and solutions.
• Market-recognized flexibility and willingness to embrace emerging commercial models.
• High quality talent, investments in skill building initiatives, and a low employee turnover rate delivering high productivity.
• Proactive demonstration of future-oriented use cases and independently executed proofs of concept to demonstrate capabilities and generate greater value for customers.

Quote from Karthik Balasubramanian, SVP- Software and Hi-Tech, Persistent Systems

“Software modernization has become essential for organizations to stay ahead of their competition while offering the latest in customer experience. Persistent has identified this need and plays a key role in helping software companies build next-generation software products faster and with high operational efficiency. Backed by 30 years of software engineering experience, this recognition by Everest Group validates the work we have been doing in this space.”

Quote from Akshat Vaid, Vice President, Engineering Services Research, Everest Group

“Persistent Systems has maintained its reputation of being an able partner for next-generation software development. The company has a significant focus on serving independent software vendors and has built strong offerings around legacy modernization and cloud native software development. Over the past few years, it has made significant investments in talent and relevant IP assets, as well as in joint infrastructure establishments with technology majors, including AWS, IBM, and Red Hat. This has led to a significant elevation in perceived capabilities and has resulted in commercial success. Clients have acknowledged its flexibility in commercial models, ability to offer quality talent with low churn, and its focus on proactively driving innovation in engagements.”

About Persistent

With 13,500+ employees around the world, Persistent Systems (BSE & NSE: PERSISTENT) is a global solutions leader that has been delivering digital business acceleration, enterprise modernization, and next-generation product engineering to financial services institutions for 20+ years, as well as other industry verticals. To learn more about our credit union solutions visit our website.
www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit www.persistent.com/flcs/

Media Contacts