Persistent Systems, an Indian IT services company with over 16,500 employees located in 18 countries, has acquired the business of Princeton, New Jersey-based Data Glove for an undisclosed sum of money. Founded in 2010, US-based Data Glove is a global provider of disruptive consulting services and business solutions with a specialization in Microsoft Azure, with $48.96 million in annual sales and 700+ employees globally.
Data Glove has considerable expertise with Microsoft Azure, business applications, and workplace services. Data Glove is a Microsoft Cloud Modernization Services Partner with Gold level skills in Azure Cloud Platform, Data Center, Application Development and Data Analytics, Application Integration, and complete intellectual property to help clients quickly adopt Microsoft Azure.
“Persistent’s acquisition of Data Glove and the launch of a new Microsoft business unit will help capture market share by taking advantage of the growing Azure and Microsoft-led opportunities,” said Ali Zaidi, Research Vice President, IDC. “Microsoft-related implementation services is one of the highest spending growth segments of the global implementation services market, in particular, in the areas of cloud, analytics, and CRM.”
Microsoft Training and Certifications
This newly established business unit by Persistent will also focus on Microsoft training and certifications, working together with community colleges and regional universities to nurture fresh talent, in addition to client sales and Microsoft Azure service delivery.
“As our clients continue their digital acceleration, cloud modernization and workforce productivity remain as critical as ever to sustaining competitive advantage and reducing costs,” said Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems. “With the acquisition of Data Glove, we are forming a new Microsoft business unit to enhance our partnership and expand our expertise in Azure-based digital transformation, enabling us to capture a larger share of this high growth market. This acquisition also broadens our delivery capabilities with highly skilled talent, establishing a new nearshore delivery center in Costa Rica and expanding our presence in the US and India.”
Building a Microsoft Business Unit
“Over the past decade, Data Glove’s growth has been fueled by empowering our client’s digital transformation journeys and accelerating their transition to cloud, with a deep specialization in Microsoft,” said Rajiv Korpal, Co-Founder of Data Glove. “Becoming a part of Persistent, the global leader in digital engineering, will give us immediate scale and enable new opportunities for our clients, partners, and employees. Together, we will build an industry-leading Microsoft business unit to take our clients to the next level.”
“When considering strategic alternatives, we found at Persistent a leadership team who shares a common strategic vision and a strong conviction for driving client success through innovation,” said Rahul Bajaj, Co-Founde of Data Glove. “Combined with Persistent’s deep cloud, security, and data expertise, we will provide unparalleled value to our clients as they continue to drive their digital agendas, with the full Microsoft stack at the core. I am beyond excited about the possibilities of what we can do together.”