SOURCE: Persistent Systems

Persistent Systems

December 17, 2009 11:52 ET

Persistent Systems Ranks Amongst the Fastest Growing Companies on Deloitte Technology Fast 500 Asia Pacific 2009

SAN JOSE, CA--(Marketwire - December 17, 2009) - Persistent Systems, one of the leaders in software product development services, today announced that it has been ranked as one of the fastest-growing companies on the Deloitte Technology Fast 500 Asia Pacific 2009 list. The ranking is based on percentage revenue growth over three years. Persistent was selected in the areas of technology, media and telecommunications and has won this award four times in the last five years.

"It is a great honor to be selected to Deloitte's 500 fastest growing companies list in Asia Pacific," said Dr. Anand Deshpande, CEO, Persistent Systems. "Persistent is focused on partnering with customers and delivering quality solutions and services. Demand for our service expertise remains strong and we expect that our commitment to customer success will drive our growth in the future. Being included with the many great companies on this list confirms what our customers already know about Persistent."

"Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company's services and its leadership," said Ian Thatcher, partner in charge of Deloitte's Technology Fast 500 Asia Pacific program. "Persistent Systems has shown the right stuff for growth."

Overall, companies that ranked on the Technology Fast 500 Asia Pacific 2009 program had a three-year average revenue growth rate of 361 percent. The event held on 10th December, at the InterContinental Hotel, Hong Kong, was attended by winning company executives from across Asia Pacific.

Technology Fast 500 Asia Pacific selection and qualifications

The Technology Fast 500 list is compiled from Deloitte's Technology Fast 50 Asia Pacific programs, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had first year operating revenues of at least US$50,000.

Entrants must also be public or private companies headquartered in Asia Pacific and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; Manufactures a technology related product, or devotes a significant proportion of revenues to the research and development of technology.

About Deloitte

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's more than 168,000 professionals are committed to becoming the standard of excellence.

Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

© 2009 Deloitte Touche Tohmatsu

About Persistent Systems

Established in 1990, Persistent Systems is recognized as an award-winning technology company specializing in software product development services. With 4,200+ employees, innovative business models, and reusable assets and frameworks, Persistent helps its customers increase revenues and margins, and enhance brand value. Persistent Systems has delivered over 2,400 software product releases to their 175+ customers in the last six years. It has developed proven processes for the entire product lifecycle which reduce time-to-market while delivering consistent quality and customer satisfaction -- as evidenced by customer partnerships that span many years. For more information, please visit: www.persistentsys.com

Contact Information

  • Persistent Media Contact
    Sarah Tonzi
    B3 Communications
    585-905-1806
    Email Contact

    Gita Rao-Prasad
    Persistent Systems, Inc.
    408-689-2471
    Email Contact