Persistent Systems to Expand Eastern European Presence via Acquisition of Concise Team
Persistent Systems will expand its Eastern European presence by integrating over 90 professionals from Concise, establishing delivery centers in Estonia. This move aims to strengthen AI-led product engineering and nearshore delivery capabilities to support enterprise digital transformation and AI-enabled operations.
The expansion involves a team of 90+ professionals and the establishment of new delivery centers, which is a significant operational enhancement, but it does not involve a large financial acquisition or a direct impact on immediate financial results.
The announcement details a strategic expansion that strengthens the company's capabilities and market position in a key growth area (AI and digital engineering), which is viewed positively.
Persistent Systems Limited has announced the signing of an agreement to expand its Eastern European presence by integrating a specialized team of over 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company. This transaction, subject to closing conditions, aims to strengthen Persistent’s European nearshore delivery network and enhance its capability to assist enterprises in evolving large-scale digital infrastructure and globally integrated operations.
The expansion will establish strategic delivery centers in Tallinn and Tartu, Estonia, reinforcing capabilities in AI-led product engineering, distributed systems, and cloud-native technologies. It will also enhance expertise in supporting mobility, logistics, smart infrastructure, and connected ecosystems globally. The move is driven by the increasing demand for partners that can modernize core systems, support governance requirements, and provide regional delivery capabilities at a global scale, particularly as enterprises accelerate investments in AI-enabled operations and modern digital infrastructure.
Kuljesh Puri, Executive Vice President at Persistent, stated that the expansion will deepen the company's presence across Eastern Europe and strengthen its position in AI-led platform transformation. He highlighted Estonia's strong digital ecosystem and technology talent base as key advantages. Markko Abel, Owner of Concise, expressed that joining Persistent will allow their team to extend their work within a larger global ecosystem, creating new opportunities for engineers and ensuring continuity for clients.
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Persistent Systems Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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