Persistent Systems acquires NovaQuest
16 Jan 2013
Persistent Systems has acquired privately-held NovaQuest, a US-based product lifecycle management and search-based technology solutions provider, for an undisclosed sum.
The Pune-based Persistent Systems is a software product and technology services company, while NovaQuest is a value-added reseller (VAR) and services provider of Dassault Systèmes' 3D platforms.
This acquisition helps Persistent Systems to enter into strategic partnership with 3D design software maker Dassault Systèmes to sell and offer support in the US, the company said in a statement.
''Persistent Systems and Dassault Systèmes have developed a strong partnership, and now with the acquisition of NovaQuest, we are further able to expand our relationship and support for Dassault Systèmes applications, as well as grow our product lifecycle management (PLM) business across new industry verticals,'' said Persistent Systems President Hari Haran.
''NovaQuest brings a proven track record of successfully helping companies with knowledge capture and better decision-making and we look forward to continuing to serve and add value to NovaQuest's customers. We are delighted to have the NovaQuest team of experts join the company and, as a Dassault Systèmes VAR, we look forward to helping companies increase their adoption and extract the maximum value from their Dassault Systèmes investments,'' he added.
The acquisition furthers Persistent Systems' objectives in expanding its PLM practice, strengthening its existing partnership with Dassault Systèmes, and growing its North American footprint.
Headquartered in North Carolina, NovaQuest's team of about 20 seasoned PLM specialists have joined Persistent Systems to expand the company's expertise in 3D and PLM applications and to support a growing client base across the aerospace, automotive, business services, consumer goods, energy, industrial equipment, life sciences, high tech and government verticals.
''Persistent Systems brings significant value to the Dassault Systèmes community and we are pleased to partner with them,'' said Bruno Latchague, Executive Vice President of Value Solutions and Managing Director of North America for Dassault Systèmes.
