"Persistent Systems has, on July 3, 2015 acquired all of the stock of Akshat Corporation (which does business under the name RGEN Solutions) through Persistent Systems Inc, wholly-owned subsidiary of Persistent Systems Limited, incorporated in California, USA," it said in a filing to the BSE.
This transaction has been closed, it added.
Persistent, however, did not disclose the financial terms of the deal.
Founded in 2006, RGEN is headquartered at Redmond, USA. It offers IT services and solutions like business intelligence, staffing, software development and testing and SharePoint 2010 services.
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