Persistent Systems has signed a definitive agreement to acquire
Agilent Technologies’ software marketing and development
business based in Grenoble, France. Subject to customary closing
conditions, the acquisition is expected to be final by August 1,
2011.
The acquisition will further bolster Persistent’s growing
life sciences domain expertise, which includes more than 40 life
sciences domain experts and more than 500 software
professionals working on services supporting laboratory
instrumentation, bioinformatics and chemical informatics projects
for leading companies in the Life Sciences and Healthcare
markets. With this acquisition, Persistent’s Life
Sciences and Healthcare team will be further strengthened with the
addition of Agilent’s highly experienced team in
Grenoble.
“Agilent and Persistent have had a strong business
relationship for more than 10 years,” said Bruce von
Herrmann, vice president and general manager of Agilent’s
Software & Informatics Business within its Life Sciences
Group. “Incorporating the Grenoble team will provide
Persistent with a presence in Europe, while their growth plans will
provide new entrepreneurial opportunities for this team.”
Upon the completion of this transaction Persistent will
establish a Life Sciences Center of Excellence (CoE) in Grenoble,
France for the purpose of expanding into the European market.
The new CoE will leverage Persistent’s expertise in the areas
of life sciences and software development to bring in new solutions
and services to these markets. The new CoE will also provide
Persistent an important platform to better leverage its corporate
technology position in areas like Cloud, Analytics, Mobility and
Collaboration.
“We are very excited about acquiring Agilent’s software
marketing and development business in Grenoble”, said Dr.
Anand Deshpande, Chairman and Managing Director, Persistent
Systems. “The analytical space in life science domain holds
great promise and through our Life Sciences Center of Excellence in
Europe we strongly plan to leverage this area.”
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