Persistent Systems Ltd. said its step-down subsidiary in the US had signed a definitive agreement to acquire 'rCloud', an innovative cloud platform business, from Doyenz, Inc.
rCloud is a business continuity solution which provides backup and disaster recovery for physical and virtual servers on the cloud for SMBs.
The closing of the transaction is subject to satisfaction of customary conditions.
At the BSE, Persistent Systems are currently trading at Rs.428.30, up 1.21 percent from the previous close.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.