Persistent Systems appoints Suresh Prabhu as Chief Delivery Officer for industry verticals; Stock near record levels

Suresh joins Persistent with over 30 years of experience in digital transformational projects: new product engineering, product modernization and enterprise solutions delivery.

Jun 10, 2021 02:06 IST India Infoline News Service

Persistent Systems announce that Suresh Prabhu has joined the company as the Chief Delivery Officer for Industry verticals. In this role, he will be responsible for the delivery organization across Software & HiTech, Banking Financial Services and Insurance, Healthcare and Life Sciences, and Emerging verticals.

In its regulatory filing, Persistent Systems said, “We are excited to welcome Suresh to the Persistent family as we move to the next phase in our growth journey. COVID-19 reinforced the need for every organization to accelerate their digital transformation journey, leveraging the best of cloud, data, security and Industry partnerships while bringing the latest products and services to their customers. Persistent’s capabilities and our substantial investment in Digital Engineering demonstrate our commitment to delivering greater value to our clients. The relevance of what we have to offer is clearly exhibited in our Industry leading growth over the past several quarters. Suresh’s expertise across Digital engineering and multiple Industry verticals will help further bolster our ability to deliver cutting-edge services and solutions to our clients across the globe.”

Suresh joins Persistent with over 30 years of experience in digital transformational projects: new product engineering, product modernization and enterprise solutions delivery. He joins Persistent from Epicor Software, where he was responsible for the development and delivery of on-premise and SaaS solutions across multiple industries including manufacturing, distribution and retail. In previous roles, Suresh worked in retail banking, online banking, bill payments and trade finance domains and across various high growth product and services firms. Suresh will be a member of Persistent’s executive team and will be based out of Bengaluru, India.

At around 1.58 PM, Persistent was trading at Rs2513.65  per piece up by Rs28.60  or 1.15% on Sensex. The stock has touched an intraday high of Rs2531.65 per piece. The stock was near the 52-week high of Rs2,595 per piece.

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