Persistent Systems to acquire New Jersey-based Data Glove, launches new Microsoft business unit with focus on Azure Cloud

10 Feb 2022 , 09:54 AM

Persistent Systems on Thursday has announced it has entered into an agreement to acquire the business of Princeton, New Jersey-based Data Glove Inc.

At around 9:55 AM, Persistent Systems was trading at Rs4,351.55 apiece down by Rs19.1 or 0.44% on Sensex.

Established in 2010, Data Glove is a global leader in transformative consulting services and business solutions with total annual revenue for CY21 of $48.96 million and 700+ employees worldwide. Data Glove brings extensive experience across Microsoft Azure, business applications and workplace offerings as a One Commercial Partner (OCP).

Data Glove is a Microsoft Cloud Modernization Services Partner with Gold level competencies in Azure Cloud Platform, Data Center, Application Development and Data Analytics, Application Integration, as well as comprehensive intellectual property to accelerate Azure adoption.

Microsoft Azure cloud provides scalable, flexible infrastructure while its business applications and workplace offerings enable increased productivity and enhanced employee experience. According to IDC, the Cloud Professional Services market is estimated to reach $93.8 billion by 2025.

Building on Microsoft Azure’s impressive growth, these expanded capabilities will bolster Persistent’s existing partnership and serve as the foundation for a new dedicated Microsoft business unit at Persistent. In addition to client sales and service delivery, this newly formed unit will focus on Microsoft training and certifications, working closely with community colleges and regional universities to foster new talent.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems “As our clients continue their digital acceleration, cloud modernization and workforce productivity remain as critical as ever to sustaining competitive advantage and reducing costs. With the acquisition of Data Glove, we are forming a new Microsoft business unit to enhance our partnership and expand our expertise in Azure-based digital transformation, enabling us to capture a larger share of this high growth market.

This acquisition also broadens our delivery capabilities with highly skilled talent, establishing a new nearshore delivery center in Costa Rica and expanding our presence in the US and India.”