PUNE, INDIA and SANTA CLARA, CA--(Marketwire - Oct 18, 2012) -    Persistent    Systems ( BOMBAY : PERSISTENT ) ( NSE : PERSISTENT ), the    global leader in software product and technology services,    today announced it has entered into a definitive agreement    through its US subsidiary to acquire 'rCloud,' an innovative    cloud platform business from privately held Doyenz, Inc.    Doyenz'srCloud, an innovative business continuity cloud    platform,provides backup and disaster recovery for    physical and virtual servers on the cloud for SMBs. Persistent    Systems will continue to serve rCloud customers under the    Doyenz brand.The Company will develop and enhance the    rCloud service, maintaining employees and channel partnerships    instrumental to its business.Terms of the definitive    agreement were not disclosed.  
    This acquisition furthers Persistent Systems' objectives in    growing its IP-led business, and strengthens the Company's    cloud computing and SMB offerings. Doyenz's team of seasoned    cloud experts and its     rCloud service, will enable Persistent Systems to extend    its cloud expertise and to provide a complete end-to-end    solution to existing and new customers, delivered through the    channel.  
    According to a recent Forrester Research report titled, "An    Infrastructure And Operations Pro's Guide To Cloud-Based    Disaster Recovery Services," 70% of SMBs interviewed said they    considered DR (disaster recovery) to be of high or critical    importance in the decision to adopt cloud services.*  
    "We are committed to delivering the most advanced solutions in    cloud computing and this acquisition will further expand our IP    led solutions in the cloud and SMB space," said Nara    Rajagopalan, Chief Product Officer, Persistent Systems, Inc.    "With hundreds of partners representing over 3500 customers,    Doyenz's proven rCloud disaster recovery solution is meeting a    critical need in the global SMB marketplace. We are delighted    to welcome Ashutosh Tiwary, CEO of Doyenz and the Doyenz team    of cloud platform experts to Persistent."  
    "Our vision was to make recovery of IT applications and data    faster, simpler, and more accessible to companies of all    sizes," said Ashutosh Tiwary, CEO of Doyenz,    Inc."Persistent's acquisition of Doyenz's market leading    disaster recovery cloud platform will allow us to grow and    deliver even more enterprise-class, affordable, cloud-based    disaster recovery services to Managed Service Providers,    serving the SMB community.The team and I are excited to    join Persistent Systems and work together to further develop    innovative disaster recovery and cloud services for our    customers."  
    "Doyenz's rCloud is a critical component to our business,    providing innovative cloud-based disaster recovery services to    our partners," said Alex Rogers, CEO of CharTec. "Persistent    Systems brings strong financial backing and top notch software    professionals to rapidly develop innovative disaster recovery    services for the channel."  
    *"An Infrastructure and Operations Pro's Guide To Cloud-Based    Disaster Recovery Services," Forrester Research, Inc., March    20, 2012.  
    About Doyenz: Doyenz provides an    innovative cloud platform that meets the business continuity    needs of small and medium-sized businesses. Doyenz rCloud    provides backup and disaster recovery for VMware environments    allowing IT professionals to restore virtual environments in    under fifteen minutes, providing quick access to business    critical applications. Doyenz is a privately held company    headquartered in Bellevue, Washington with additional    facilities in Boston, Massachusetts and London, England. For    more information, please visit     http://www.doyenz.com.  
    About Persistent Systems: Established in    1990,     Persistent Systems ( BOMBAY : PERSISTENT ) ( NSE :    PERSISTENT ) is a global company specializing in software    product and technology services. For more than two decades,    Persistent has been an innovation partner for the world's    largest technology brands, leading enterprises and pioneering    start-ups. With a global team of more than 6,000 employees,    Persistent has 300 customers spread across North America,    Europe, and Asia. Today, Persistent focuses on developing    best-in-class solutions in four key next-generation technology    areas: Cloud Computing, Mobility, Analytics and Collaboration,    for telecommunications, life sciences, consumer packaged goods,    banking & financial services and healthcare verticals. For    more information, please visit:     http://www.persistentsys.com.  
    Forward-looking and Cautionary Statements: For    risks and uncertainties relating to forward-looking statements,    please visit:        http://www.persistentsys.com/Portals/0/forward_looking_cautionary_statement.shtml  
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Persistent Systems Acquires Innovative Cloud Platform Business From Doyenz, Inc.
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