agreement to acquire Agilent Technologies’ software marketing and development
business based in Grenoble, France. The acquisition is expected to be
final by August 1, 2011.
Persistent Systems’ acquisition
of Agilent’s software marketing and development business in Grenoble will
contribute to the Company’s strategic thrust in the life sciences and
healthcare markets.
The Agilent business is presently focused on supplying data
acquisition and control software for scientific instruments to the life
sciences, environmental, energy, applied research and other markets. The
efforts of this business will further bolster Persistent’s growing life
sciences domain expertise, which includes more than 40 life sciences domain
experts and more than 500 software professionals working on services
supporting laboratory instrumentation, bioinformatics and chemical informatics
projects for leading companies in the Life Sciences and Healthcare
markets.
With this acquisition, Persistent’s Life Sciences and Healthcare
team will be further strengthened with the addition of Agilent’s highly experienced team in
Grenoble.
Agilent and Persistent have had a strong
business relationship for more than 10 years,” said Bruce von Herrmann,
vice president and general manager of Agilent’s Software & Informatics
Business within its Life Sciences Group. As Persistent becomes a global
player in Life Sciences, incorporating the Grenoble team will provide
Persistent with a presence in Europe, while their growth plans will provide new
entrepreneurial opportunities for this talented team.”
We are
very excited about acquiring Agilent’s software marketing and development
business in Grenoble”, said Anand Deshpande, chairman and managing director,
Persistent Systems.
Persistent
has a decade long experience in the life sciences and
healthcare business domain and this acquisition will further strengthen the company’s
position in this market. The analytical space in life science domain holds
great promise and through our Life Sciences Center of Excellence in Europe we
strongly plan to leverage this area,” Deshpande added.
Persistent will establish a Life Sciences Center of Excellence
(CoE) in Grenoble, France for the purpose of expanding into the European
market. The new CoE will leverage Persistent’s expertise in the areas of
life sciences and software development to bring in new solutions and services
to these important markets. The new CoE will also provide Persistent an
important platform to better leverage its corporate technology position in
areas like Cloud, Analytics, Mobility and Collaboration.
By TelecomLead.com Team
