India: Persistent Systems to acquire Swiss co Parx Werk for $17m

Pune-based information technology services provider Persistent Systems Ltd has entered into an agreement to acquire Swiss firm Parx Werk AG for a total consideration of 16 million Swiss francs ($17 million).

The acquisition will help Persistent Systems to deepen its expertise in Salesforce software, as Parx is a certified partner in Germany, Austria and Switzerland of US-based cloud computing firm Salesforce, that provides a cloud-based customer relationship management software.

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