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Persistent Systems creates Accelerite to focus on Products

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Harmeet
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PUNE, INDIA & SANTA CLARA, USA: Persistent Systems announced the creation of Accelerite to take a portfolio of products and related solutions to market. Accelerite will be a business unit of Persistent Systems, headquartered in Silicon Valley and led by Nara Rajagopalan.

The formation of Accelerite will bring product-centric alignment to business models, strategies, sales, and operations. Persistent Systems will continue to focus on product development and technology services where it is a well-respected market leader.

"The business model for products is distinctly different from services. Over the last few years, we invested in building a portfolio of products and IP focused on SMAC technologies," said Dr. Anand Deshpande, chairman, MD and CEO of Persistent Systems. "The creation of Accelerite brings the organizational alignment to achieve global leadership for these products."