Persistent Systems plans expansion in Europe as part of de-risking strategy

Firm has also increased its offering in digital segment as part of diversification

Mid-sized information technology (IT) products and services firm Persistent Systems plans to expand its presence in Europe, as part of its de-risking strategy to grow outside its main market United States (US).

Last week, the company acquired Australia-based PRM Cloud Solutions, a firm that provides Salesforce solutions to customers. Recently, it acquired Zurich-based Salesforce partner PARX to strengthen foothold in European markets.

"Trump is a phenomena and you don't know which direction it will go," said Mritunjay Singh, president and executive director, Persistent Systems in a phone interview. "We need to make sure that we can generate our business from other regions