Persistent Systems restructures after IBM alliance

persistentsystems

Persistent Systems, a product and outsourcing company, said it is reorganizing its business structure in four divisions.

These divisions are ‘digital’, IBM, Services and Accelerite. It will also set up a new Corporate Operations office whose job will be to accelerate the four growth units. It will be headed by Atul Khadilkar.

“Unique to Persistent, the company’s product development and technology DNA drive all four growth strategies. The new structure along with new leadership responsibilities will be effective April 1, 2016,” it said.

The first of the four divisions will be ‘digital’. It will focus on the “how” of digital by bringing together data, APIs, and experiences, the company said. Sudhir Kulkarni will be the President for the Digital business.

“This growth strategy combines a technology partner ecosystem, Solutions, and a unique architecture for enterprise digital transformation or the transformation to become software-driven in business.”

The second division, which will look at the company’s combined business with IBM, will be headed by Mike Kerr.

His job will be to “build on the recent alliance for the IBM Watson loS Platform and the vision of software-driven everything as the next step in the digital transformation of enterprises.”

The third division will be the company’s largest and oldest — outsourcing services and will be led by Mritunjay (Munjay) Singh.

The services division has been set the goal of software and product development “including agile and experience design that are driven by the mainstream adoption of SMAC technologies.”

“This growth strategy continues the company’s focus on customers in the business of software (software vendors) and businesses or enterprises that are becoming software-driven,” Persistent Systems said.

The fourth division, Accelerite, is largely in existence even now, and is home to all the products that the company licenses out.

It will continue to focus on products that includes “business-critical infrastructure software for enterprises, telecom operators, and the public sector.” Nara Rajagopalan will continue as the CEO of Accelerite, the Products business of Persistent.

The Accelerite product suite was set up a few years ago and includes solutions for cloud life cycle management, endpoint security, enterprise mobility management, and the Internet of Things (IoT).

The unit will also evaluate takeover of non-strategic products from other technology companies, Persistent Systems said.



Tech Mahindra opens robotics, AI and digital services center in Dublin IT services provider Tech Mahindra opened a new facility in Dublin, Ireland to focus on emerging technologies such as Robotics and Automation, Business Analytics, Cloud Infrastructure and Digital Services.The new centre would employ around 150 engineers over the next three years and will help the company deliver technology services to clients in Ireland ...
TRUMP THREAT: TCS not worried, says we’re not the villains source: NasscomTata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US jobs, and is not the villain as portrayed.The statement from Rajesh Gopinatha...
N Ganapathy Subramaniam appointed new TCS COO COO N Ganapathy SubramanianTata Consultancy Services said it made two appointments in the wake of the departure of Chief Executive officer N Chandrasekaran: N. Ganapathy Subramaniam, elder brother of outgoing CEO Chandrasekaran, has been appointed as the chief operating officer, and former chief financial officer Rajesh Gopinathan has been elevated to t...
Ramco Systems wins Rs 53 cr contract from German logistics company Ramco Systems Ltd. said it secured a 7.3 million euro order from Schenker AG for implementing its Ramco HCM & Payroll software.Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company.DB Logistics offers land, sea, and air transport and contract logistics. Rail transport within DB Logistics is done u...
Infosys invests TidalScale, provider of simple supercomputing software Technology provider Infosys said it made investment in TidalScale, a provider of software-defined server.No details about the financial aspects of the investment were made public.TidalScale's offering, in many ways, is the opposite of virtualization. While virtualization allows you to split a single hardware-based server into several virtual serv...
Cognizant cuts FY growth guidance to 8.5%-9.0% from 8.5%-9.5% Cognizant, the low-margin, high-growth IT services company, seems to also have fallen prey to the ongoing slowness in the IT outsourcing sector.The company reported revenue growth of just 2.5% -- less than that of Infosys -- for the third quarter of this calendar year. Infosys had reported a growth of 3.5% in dollar terms, while TCS had reported an incre...
Wipro joins the Open Banking bandwagon, releases new platform Wipro Limited launched its offerings that use Open Banking API technological platform.Open Banking platform is a Europe-based standard that lets third party developers build applications and services that tap into a bank's core services and infrastructure.For example, one can build a billing or ticket booking or payment service that can then 'talk' ...
Nasscom, outsourcing cos launch finance & accounting course for BPO aspirants Tired of getting stuck with fresh recruits who do not have required skills, outsourcing companies in India, along with industry body Nasscom, have launched a new finance and accounting course.The course, created with the support of Business Process Management companies across the country, will help students in pursuing the finance & accounting occup...
TCS expands outsourcing deal with US Airline JetBlue Tata Consultancy Services said it will expand its three-year engagement with US Airline JetBlue to include several new projects.The initial contract covered areas such developing new platforms, quality assurance and infrastructure services.Under a new deal, TCS will now provide new services to improve data analytics and operational agility, and to de...
L&T Infotech sets up Coupa Center of Excellence Larsen & Toubro Infotech said it will establish a Center of Excellence in partnership with Coupa, a cloud-based spend management and procurement software platform.The center will develop spend management solutions to help companies control and regulate all forms of expenditure and streamline the procurement process, the company said."This partnershi...
Rolta says missed interest payments due to stretched working capital Rolta India Ltd said it was unable to pay bank dues and interest on some of its bonds due to a liquidity constaint caused by delays in collecting dues as well as large investment into a “prestigious project”.Replying to a query from the BSE, the company said it has already put out an update on the same on Friday. BSE had made an inquiry on the basis of a...
Indian cos pay half the salaries of foreign cos; IT, finance workers most unhappy The majority of Indian IT and financial sector workers are unhappy with their salary, a new survey by Monster.com said. It also found that Indian-owned companies typically pay much lower salaries than MNCs.The IT sector turned out to be the highest paying industry in India, even  ahead of the financial services industry, which is usually the highest payi...
Wipro wins 5-year cloud infrastructure deal from Sweden’s ASSA ABLOY Wipro, one of India's top IT outsourcing companies, said it has won an IT infrastructure "transformation contract" from the ASSA ABLOY Group, one of the world's biggest door-opening solutions provider.As part of the five-year agreement, Wipro will consolidate ASSA ABLOY's existing data centers in the EMEA region and implement a cloud-based service model,...
Wipro Results: Attrition falls to 16.3%, In single digits at BPO Wipro Ltd said the number of employees leaving the company of their own accord fell to 16.3% in the year 2015 from 16.5% in 2014.Much of the improvement came from the BPO unit, where attrition fell below 10% for the first time in many quarters.For the calendar year 2015, Wipro's BPO division saw attrition of 9.9%, compared to 13.1% for 2014.I...
Persistent Systems to acquire some Citrix Systems cloud products Persistent Systems, a niche IT company that focuses on products and cloud computing, said it had signed an agreement to acquire the Citrix CloudPlatform and CloudPortal Business Manager product lines from Citrix Systems International GMBH, a subsidiary of Citrix Systems.No financial details were revealed.Citrix Systems is one of the biggest companies...