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Persistent's Pingala-Aryabhata campus in Pune. Persistent Systems was founded in 1990 by Anand Deshpande, a former Hewlett-Packard employee, with an investment of $21,000. In 2000, Intel Capital invested $1 million in the company for a 3.5% stake. [4]
In 2010, the company received Series A funding. [4] In 2011, the company added smartphone support for its Insync app [8] and received Series B funding. [9] The next year, the company moved its headquarters to Silicon Valley, and again shifted focus to cloud-based data management and protection. [5] By 2013, the company had grown to 194 employees.
The company continues to have its headquarters in Pune in Western India. By 2012, Zensar had approximately 11000 employees servicing 400 clients in over 20 global locations [ 8 ] and at the end of the 2019 financial year earned revenues of over US$550 million.
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eClerx was founded in year 2000 [4] for providing services relating to business process management, automation and analytics to companies engaged in providing financial services, retail, communications, media & entertainment, fashion, manufacturing, travel & leisure and technology companies.
The company is a security provider in Spain and the security division of Necsia Group, specializing in cybersecurity and digital transformation services. [41] The company was merged into the CyberProof security services portfolio after the acquisition. [41] In June 2020, UST invested €1.3 million in Ksubaka, a UK-based startup.
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Businesses across various sectors are adopting cloud services, AI, and big data analytics, driving the need for robust data centre infrastructure. Looking ahead, the data centre industry in India is expected to continue its rapid expansion. The market is projected to grow to $8 billion by 2026.