Indian Information technology
services provider Persistent Systems Ltd has agreed to acquire Swiss Firm Parx
Werk AG to strengthen its expertise in Salesforce Software.
Parx is a certified partner in
Germany, Austria and Switzerland of Salesforce, an American cloud computing
company that provides a cloud-based customer relationship management software. This
is the second acquisition by Persistent of a Salesforce partner since March
last year, when it had agreed to acquire Australia’s
PRM Cloud Solutions Pty Ltd for an undisclosed amount.
Parx was incorporated in 2001. The
company reported revenue of 8 million Swiss francs for the year ended December
2016. It recorded a 28% annual compound growth in revenue from 2014. Prior to
its acquisition of Australia’s PRM Solutions, Persistent had signed an
agreement in January 2016 to acquire Citrix Systems’ CloudPlatform and
CloudPortal Business Manager Product lines for an undisclosed amount through
its US subsidiary.
In 2015, Persistent had made two
acquisitions. It acquired Ireland-based technology firm Aepona Holdings Ltd and
US-based software company Akumina Inc. content management services business.
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