Persistent Systems has announced the expansion of its Eastern European presence through the integration of a specialized team of more than 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company. The transaction, executed through the company's step-down subsidiary PerSys Estonia OÜ, involves a total consideration of EUR 5.6M and is expected to close within 4 to 8 weeks. This strategic move is designed to strengthen Persistent's nearshore delivery capabilities and enhance its ability to support AI-enabled enterprise operations and large-scale digital infrastructure modernization for clients globally.

Strategic Rationale and Expansion

The integration establishes strategic delivery centers in Tallinn and Tartu, Estonia, leveraging the country's advanced digital ecosystem and deep technology talent base. This expansion aims to bolster Persistent's capacity in AI-led product engineering, distributed systems, and cloud-native technologies. The acquired team brings specialized experience in supporting large-scale digital environments across mobility, logistics, smart infrastructure, and payments. The initiative also seeks to deepen the company's relationship with a strategic customer in the enterprise mobility segment by providing stronger regional engagement and governance alignment.

Transaction Structure

The acquisition follows a Business Purchase Agreement signed on May 28, 2026, and includes the purchase of assets, assumption of liabilities, and the transfer of select employees and contractors. The consideration structure features a cash payment, including a deferred component of EUR 1.5M payable over two years. The transaction is not a related party transaction, and no governmental or regulatory approvals are required. The acquired business generates an estimated annual revenue of EUR 11.6M.

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 The company confirmed that no unpublished price-sensitive information will be shared, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.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.