Persistent Systems Pune Looking For Acquisitions In North America For $10-15 million

Persistent Systems Limited, a Pune based 'Outsourced Software Product Development Company' is looking for acquiring companies in the North America for $10-15 million, reports <a href="https://economictimes.indiatimes.com/tech/ites/Persistent-Systems-eyes-overseas-buy-in-range-of--10-15-mn/articleshow/7004188.cms" target="_blank" rel="noopener noreferrer">Persistent Systems eyes overseas buy in range of $ 10-15 mn - The Economic Times</a>.

CEO & MD of Persistent Systems, #-Link-Snipped-# said that acquisitions is a part of Persistent's expansion strategy. While the company is looking at foreign acquisitions, it is open to acquisitions in India as well. Acquisitions enable us to enhance our business and technology expertise.

There is no specific time-frame for the acquisitions. If the company gets a good deal, it may go for acquisitions in the current fiscal itself. It would be the first overseas acquisition of the company.

The company is focused on science & telecom verticals and does not intend to venture into new verticals immediately.