Persistent Systems Ltd To Acquire NovaQuest-Business Standard

Business Standard reported that Persistent Systems Ltd announced it has entered into a definitive agreement to acquire privately-held NovaQuest, a product lifecycle management (PLM) and search based technology solutions company and a Value Added Reseller (VAR) and services provider of Dassault Systèmes’ 3DEXPERIENCE platform and applications. With this acquisition, Persistent Systems enters into a strategic partnership with Dassault Systèmes to sell and offer support, maintenance and deployment services as an authorised VAR for Dassault Systèmes’ in the United States. Terms of the acquisition were not disclosed.