Officials from Persistent Systems revealed that the strategic move will help the company strengthen its product maintenance and support for businesses, as well as add to its already huge client base. With a global team of 6,700+ employees, Persistent has 300+ customers spread across North America, Europe, and Asia.
"We are excited to acquire Openwave's Location business," said Dr. Anand Deshpande, chairman, managing director and CEO, Persistent Systems, in a statement. "Persistent has a decade long relationship with Openwave that has culminated in this transaction. We welcome the Openwave Location team to the Persistent family."
"We are looking forward to continuing to provide excellent services to Openwave's Location customers," said Hari Haran, president of Persistent Systems. "This acquisition builds on Persistent's momentum in growing product maintenance and support services."
In related company news, Indiana University (News - Alert) has revealed that two doctoral candidates at Indiana University Bloomington's School of Informatics and Computing will share equally in a $100,000 gift from Persistent Systems to support research in cloud computing and bioinformatics. Thilina Gunarathne, a fourth-year computer science student working with distinguished professor Geoffrey Fox, and Anoop Mayampurath, a fourth-year informatics student working with associate professor Haixu Tang, will each receive $50,000.
The gift extends Persistent Systems' investment in the Persistent Indiana Research Center and Development Incubator in Bloomington that was established in collaboration with the School of Informatics (News - Alert) and Computing BACK in 2009. Gunarathne's work will focus on novel programming environments for scientific applications on cloud, including work to develop one of the first true parallel programming systems for the Microsoft (News - Alert) commercial cloud Azure. The role of the cloud in supporting science is an important research issue that will be clarified by Gunarathne's research.
Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.
Edited by Jamie Epstein