Signs Definitive Agreement

| Updated on October 12, 2012 Published on October 12, 2012

Persistent Systems Ltd has informed BSE that the Company has signed a definitive agreement through its step-down subsidiary in the United States to acquire rCloud, an innovative cloud platform business from Doyenz, Inc.

rCloud is a business continuity solution which provides backup and disaster recovery for physical and virtual servers on the cloud for SMBs.

The closing of the transaction is subject to satisfaction of customary conditions.

Source : BSE - >www.bseindia.com

Published on October 12, 2012
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