Persistent Systems USA arm completes acquisition of Software Corporation International and its affiliate Fusion360

Software Corporation and Fusion 360, have become wholly-owned subsidiary companies of Persistent Systems Inc., USA.

Oct 06, 2021 10:10 IST India Infoline News Service

IT Stocks Up
Persistent Systems Limited informed the exchanges Tuesday that the necessary customary closing conditions with respect to the acquisition of Software Corporation International and its affiliate Fusion360 LLC USA, have been met on October 5, 2021.

Consequently, Software Corporation and Fusion 360, have become Wholly Owned Subsidiary Companies of Persistent Systems Inc., USA, a wholly-owned subsidiary of Persistent Systems Limited, with effect from October 5, 2021.

Persistent Systems Inc., USA had entered into a Stock Purchase Agreement with Software Corporation International and its affiliate Fusion360 on September 29, 2021 to acquire Software Corporation and Fusion360.

At around 10.02 am, Persistent Systems Ltd was trading at Rs3,766.55 per piece up by Rs14.9 or 0.4% from its previous closing of Rs3,751.65 per piece on the BSE.

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