Persistent shares trade higher as company plans to acquire Arrka a data privacy management platform

Persistent Systems has intended to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, pioneering data privacy management platform, and growing expertise in AI governance.

This strategic acquisition significantly enhances Persistent's AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. With Arrka's expertise, Persistent will help clients accelerate their transformation journeys while ensuring ethical, responsible, and compliant AI. With the widespread adoption of AI, implementing and managing digital governance in general, data privacy, and responsible AI are taking centre stage for enterprises across industries.

Persistent is addressing the opportunities in AI through strategic investments in innovative platforms like SASVA, an in-house cutting-edge platform using generative and deterministic AI, as well as through tuck-in acquisitions such as Starfish Associates to strengthen its position in AI-powered Contact Centers and Unified Communications.

The integration of Arrka is a critical component in scaling Persistent’s AI practice and addressing the rising demand for digital governance. It is a key to the company’s strategy to deliver responsible, ethical, and comprehensive platform-driven digital solutions.

Persistent Systems is a global company specialising in software products and technology services. The company has delivered an impressive return of 48% on a YTD basis in 2024 and 90% returns on a trailing one year basis.