Today's Transactions:
Persistent Acquires Novaquest

Persistent focuses on software product and technology services

Persistent Systems (BSE: PERSISTENT) has acquired Novaquest, a product-lifecycle management and search-based technology company.

Novaquest also provides services to Dassault Systemes’ 3DExperience platform and applications, a 3-D design software. Persistent will continue to provide that support. 

Persistent specializes in software product and technology services, specifically for cloud computing, mobility, analytics and collaboration. The products help other companies develop software programs.

The India-based buyer is looking to expand its North American footprint. Novaquest’s 20 employees, based in its Charlotte, N.C. headquarters, will join Persistent. Terms of the deal were not disclosed.


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