persistent systems has entered into a Business Purchase Agreement with Concise Systems OÜ to acquire part of its business for a total consideration of EUR 5.6M. The transaction, executed through the company's step-down subsidiary PerSys Estonia OÜ on May 28, 2026, includes the purchase of assets, assumption of liabilities, and the transfer of select employees and contractors. The acquired business generates an estimated annual revenue of EUR 11.6M and operates within the IT services and IT-enabled services sector.

The acquisition is designed to consolidate the relationship with a strategic customer and expand Persistent's nearshore delivery presence in Eastern Europe. Persistent currently serves as the primary service provider to the customer through a sub-contracting arrangement. The move is intended to de-risk long-term delivery obligations and open new avenues for partnership between the customer and Persistent.

The consideration involves a cash payment structure, including a deferred payment component of EUR 1.5M payable over a period of two years. The transaction is not a related party transaction, and the promoters or promoter group of Persistent have no interest in the acquired entity. No governmental or regulatory approvals are required for the deal.

Completion of the acquisition is expected within 4 to 8 weeks, subject to the satisfaction of customary closing conditions. Concise Systems OÜ, founded in 2008 in Estonia, provides software engineering and IT consulting services. The specific business unit being acquired was already structured as a sub-contract arrangement through Persistent prior to this agreement.

Key Transaction Details

Persistent Systems Limited has rescheduled its investor session with Balyasny Asset Management. The meeting, originally set for Thursday, June 4, 2026, will now take place on Friday, June 5, 2026, at 11:30 AM IST via virtual mode. The company confirmed that no unpublished price-sensitive information will be shared, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Session Details

The interaction will focus on reviewing the financial performance for Q4FY26 and FY26. Persistent Systems will utilize its existing investor presentation and fact sheet to guide the discussion, ensuring consistency with prior public disclosures made during the earnings call held on Tuesday, April 21, 2026.

Regulatory Compliance

The disclosure regarding this investor interaction was submitted by Amit Atre, Company Secretary (ICSI Membership No.: ACS 20507), on behalf of Persistent Systems Limited. The investor presentation and fact sheet referenced during the session remain accessible via the company's designated weblink for the Q4FY26 Investor/Analyst Presentation.