Persistent Systems proposes acquiring Nagarro to create global AI leader
Persistent Systems has proposed to acquire global technology company Nagarro in a deal, aiming to become a major force in AI-driven technology services.
Both companies want to lead the way in "AI transformation and engineering."
As Nagarro's CEO Manas Human put it, the deal is "not only about adding scale, but also about creating a global leader in 'AI transformation and engineering'"
Persistent cites Nagarro growth and clients
Nagarro caught Persistent's eye thanks to its loyal clients and rapid growth, especially as demand for generative AI keeps rising.
The two companies share an engineering-focused culture, which should make joining forces smoother.
Human will help with the transition, though his long-term role isn't set yet.
Over the next few quarters, expect them to combine strengths (Persistent's sales reach and Nagarro's digital know-how) to offer even better technology solutions worldwide.