Persistent Systems has a press release announcing the creation of Accelerite, a new business unit within Persistent that will focus on creating software products.
Accelerite will be based in Silicon Valley.
What will Acclerite do?
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.
Why is something like Accelerite needed?
“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, Managing Director and CEO of Persistent Systems. “The creation of Accelerite brings the organizational alignment to achieve global leadership for these products.”
Read the full press release