OutSystems, provider of the number one platform for low-code rapid application development has recognized Persistent Systems as a Global Partner, its highest partnership level. Persistent, a global leader in software and technology development, and OutSystems have strengthened their strategic alliance to make it easier for customers to launch products and service lines, transform customer experience, and automate business processes. With this strategic partnership, organizations can better harness the benefits of digital transformation to become faster, more efficient and software driven.
The OutSystems and Persistent's collaborative relationship began over a year ago, developing various solutions for firms in financial services, healthcare, and agriculture. The companies are integrating efforts in sales, alliances, solution architecture, professional services, and vertical solutions. Initial markets and industries of focus for the partnership include customers in the healthcare, financial services, insurance, government, and education verticals. Persistent recently developed a robot leveraging AI and blockchain, all powered by the OutSystems award-winning low-code platform.
"Traditional software development is crippling innovation around the world," said Bob Wilson, VP WW Channel Sales and Alliances at OutSystems. "The power of low-code combines speed and agility to take customers to the next level. Instead of it taking months and years, working with Persistent, our customers are able to go to market within days and weeks leveraging Software 4.0. This partnership is transforming organizations to be more software-driven."
"In today's world, business requirements change fast and users expect an immediate impact," said Sudhir Kulkarni, President at Persistent Systems. "Organizations cannot wait for months and years to solve competitive problems. This alliance with OutSystems helps us to deliver solutions to the market at unprecedented speed and in an agile manner helping enterprises to work at the speed and scale that a full digital transformation requires."
Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.564.95 as compared to the previous close of Rs. 661.6. The total number of shares traded during the day was 167622 in over 8176 trades.
The stock hit an intraday high of Rs. 639.9 and intraday low of 540. The net turnover during the day was Rs. 93726949.