Persistent to Expand Eastern European Presence to Advance AI-Led Platform Transformation

European nearshore delivery capabilities to support the next generation of AI-enabled enterprise operationsPersistent Systems (BSE: 533179) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today announced the signing of an agreement to expand its Eastern European presence through the integration of a specialized team of more than 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company. Subject to closing conditions, the transaction will strengthen Persistent's European nearshore delivery network and enhance its ability to help enterprises evolve large-scale digital infrastructure and globally integrated operations.As enterprises accelerate investments in AI-enabled operations and modern digital infrastructure, demand is increasing for partners that can modernize core systems, support governance requirements and provide regional delivery capabilities at a global scale. Persistent continues to strengthen its position in this evolving market through investments in strategic delivery hubs, advanced platform capabilities and specialized AI expertise.Key HighlightsUpon completion, the transaction will: Expand Persistent's Eastern European and nearshore delivery footprint Establish strategic delivery centers in Tallinn and Tartu, Estonia Strengthen capabilities across AI-led product engineering, distributed systems and cloud-native technologies Enhance expertise supporting mobility, logistics, smart infrastructure and connected ecosystems globallyThe establishment of delivery centers in Tallinn and Tartu would expand Persistent's European footprint and strengthen its nearshore delivery model for clients across the region. Estonia's advanced digital ecosystem and deep technology talent base will provide a strong foundation for supporting AI-led transformation requiring governance alignment and stronger regional engagement. The expansion also aims to strengthen Persistent's relationship and depth of expertise with a strategic customer in the enterprise mobility segment in the region.The team brings experience supporting large-scale digital environments across mobility, logistics, smart infrastructure and payments.Kuljesh Puri, Executive Vice President, Communications, Media and Technology, Persistent "Enterprises are increasingly rearchitecting core systems and digital infrastructure to support AI-enabled operations, automation and globally connected business environments. This is accelerating demand for partners that can modernize complex operational systems, integrate AI into critical workflows and support globally distributed operations at scale. This expansion will strengthen Persistent's position in AI-led platform transformation while deepening our presence across Eastern Europe. Estonia's strong digital ecosystem and technology talent base make it an important addition to our global delivery network and enhance our ability to support clients seeking faster execution, stronger regional engagement and large-scale modernization programs across Europe and other strategic global markets."Markko Abel, Owner, Concise"Our teams have built strong capabilities in developing and scaling platforms that support real-time, high-volume environments. Becoming part of Persistent allows us to extend this work within a larger global ecosystem. It creates new opportunities for our engineers while ensuring continuity for clients as they expand and modernize their platforms."

Persistent to Expand Eastern European Presence to Advance AI-Led Platform Transformation

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