Persistent Announces a Dedicated Payments Business Unit and Expands Cloud Capabilities through Strategic Acquisitions | In the News

Persistent Systems today announced it has entered into an agreement to acquire Charlotte, North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360, and the business of East Brunswick, New Jersey-based Shree Partners including its subsidiary in India.

Payments deliver foundational functionality not only for Financial Services, but across all industries, as they accelerate the adoption of digital to improve customer experience. SCI enhances Persistent’s capabilities and will serve as the foundation of a dedicated Payments business unit. According to Everest Group, the Payments IT services market is expected to grow by 12.5% in 2021 to reach $16.8 billion.

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