SANTA CLARA, Calif. and
PUNE, India, Aug. 8, 2024 /PRNewswire/ -- Persistent Systems
(BSE: 533179) (NSE: Persistent), a global pioneer in Digital
Engineering and Enterprise Modernization, today announced that it
has been named a Challenger for the second year in a row in the
Gartner Magic Quadrant for Public Cloud IT Transformation Services,
marking its fourth consecutive year of recognition in this report.
We believe this recognition highlights Persistent's differentiated
cloud expertise, including consulting, application development,
migration, cybersecurity, and automation capabilities. The
evaluation was based on Persistent's Ability to Execute and
Completeness of Vision.
Persistent delivers a unique blend of deep business and domain
expertise along with comprehensive relationship management,
providing personalized, boutique-style client experiences. The
Company's practitioner-led engagement model and the strategic use
of AI and automation stack drive rapid time to value for clients.
In addition, the Company's Digital Engineering heritage empowers
clients to accelerate innovation at scale and undertake complex
transformations using industry-specific templates.
As the ecosystem orchestrator of choice for clients, Persistent
continues to expand its strategic partnerships with the leading
hyperscalers. The Company recently entered into a Strategic
Partnership Agreement with Google Cloud and has a Strategic
Collaboration Agreement with AWS, showcasing Persistent's
multi-cloud capabilities and commitment to delivering joint
customized solutions with leading cloud providers that drive client
success. The Company is scaling these partnerships by launching
co-developed solutions that help clients adopt emerging
technologies such as Generative AI (GenAI). For instance,
Persistent launched a GenAI-powered Population Health Management
(PHM) solution with Microsoft, highlighting the Company's
dedication to innovation and catering to industry-specific needs.
Additionally, nearly 8,000 employees at Persistent are certified
across AWS, GCP, and Microsoft Azure, demonstrating the Company's
investments in upskilling its talent base through tailored training
in cloud technologies. Persistent is also placed in the Established
player quadrant of Gartner Peer Insights™ "Voice of Customer" for
Public Cloud IT Transformation Services.
Sandeep
Kalra, Chief Executive Officer and Executive Director,
Persistent:
"We are proud to be positioned as a Challenger by Gartner for
the second year. We feel this recognition underscores our
commitment to enabling clients' cloud-first strategies through
cloud-native principles and our Digital Engineering heritage. Our
application-centric approach, coupled with continuous practitioner
engagement, ensures we align closely with clients' business
objectives, translating them into robust application and data
strategies. By leveraging GenAI, automation, and our market-leading
IP and accelerators, we're increasing speed and efficiency for
clients while evolving towards an AI-driven, platform-centric
services model. As the ecosystem orchestrator of choice, we're
dedicated to unlocking cloud's full potential and driving complex
transformations. With our global talent, operational agility, and
focus on long-term client relationships, we continue to deliver
transformational outcomes in this dynamic landscape."
A Gartner Magic Quadrant is a culmination of research in a
specific market, giving you a wide-angle view of the relative
positions of the market's competitors. A Magic Quadrant provides a
graphical competitive positioning of four types of technology
providers, in markets where growth is high and provider
differentiation is distinct: Leaders, Challengers, Visionaries, and
Niche Players.
Gartner disclaimer
Gartner; Magic Quadrant for Public Cloud IT Transformation
Services; Mark Ray, Craig Lowery, Tom
Sieber, Christopher Wiles,
William Maurer, Tobi Bet,
Lydia Leong; 5 August 2024.
Gartner, Voice of the Customer for Public Cloud IT
Transformation Services, Peer Contributors, 30 January 2024.
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally, MAGIC
QUADRANT and PEER INSIGHTS are registered trademarks of Gartner,
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About Persistent
Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) is a
global services and solutions company delivering Digital
Engineering and Enterprise Modernization to businesses across
industries. With over 23,500 employees located in 19 countries, the
Company is committed to innovation and client success. Persistent
offers a comprehensive suite of services, including AI-enabled
software engineering, product development, data and analytics, CX
transformation, cloud computing, and intelligent automation. The
Company has been recognized as the "Most Promising Company" of the
Year by CNBC-TV18 at the 2023 India Business Leader Awards. As a
participant of the United Nations Global Compact, Persistent is
committed to aligning strategies and operations with universal
principles on human rights, labor, environment, and
anti-corruption, as well as take actions that advance societal
goals.
www.persistent.com
Forward-looking and Cautionary Statements
For risks
and uncertainties relating to forward-looking statements, please
visit persistent.com/flcs.
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