Corporate Announcement
Security Code : 533179    Company : PERSISTENT    
 
Updates 
  Exchange Disseminated Time     11/01/2016 10:35:05
Persistent Systems Ltd has informed BSE that that on January 10, 2016 (PST), Persistent Systems Limited, through its U.S. subsidiary has signed an agreement with Citrix Systems International GMBH, a Swiss subsidiary of Citrix Systems, Inc., to acquire the Citrix CloudPlatform and CloudPortal Business Manager product lines in an asset purchase transaction. These products will add to the portfolio of products of Accelerite, the products business of Persistent Systems.

The closing of the transaction is subject to customary closing conditions and is expected to close in Persistent's fourth quarter ending March 31, 2016.
 

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