Persistent Systems announces acquisition of Ireland based Aepona Holdings

Certain IP and realted rights for Aepona products to be managed under Persistent's Accelerite Brand

Persistent Systems announced that Persistent Systems Inc. (PSI), a California corporation and subsidiary of Persistent Systems signed an agreement with Intel Overseas Funding Corporation to acquire the stock of Aepona Holdings, a Republic of Ireland corporation.

PSI will also acquire 5 (five) subsidiaries of Aepona Holdings that come along with its holdings. Under this agreement, PSI will acquire certain IP and related rights for Aepona products, which will be managed under Persistent's Accelerite Brand.

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