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Persistent Systems Named to Leader Category on 2014 IAOP Global Outsourcing 100 Service Provider List

PUNE, INDIA and SANTA CLARA, CA -- (Marketwired) -- 03/03/14 -- Persistent Systems (BOMBAY: PERSISTENT) (NSE: PERSISTENT), the global leader in software product and technology services, today announced that the International Association of Outsourcing Professionals® (IAOP®) and this year's judges' panel have named Persistent Systems to the Leader category for its 2014 Global Outsourcing 100® service providers list. The 2014 Global Outsourcing 100 recognizes the world's best outsourcing service providers and advisors.

Judging was based on a set of measurable standards as well as an evaluation by a panel of industry-recognized outsourcing leaders.

"Each year the competition to be named to The Global Outsourcing 100 continues to reach higher levels," said Jagdish Dalal, Chief Advisor, Thought Leadership, IAOP and Chairman of the judges' panel. "Given the strong competition, getting named to this list is a great recognition and these companies should be proud of achieving excellence in the field."

"We are pleased to be recognized as a leader by the IAOP and the esteemed judging panel," said Ranga Puranik, President of Persistent Systems, Inc. "Our expertise, especially in the areas of Social, Mobile, Analytics and Cloud Computing has been highly valued by enterprises, as more and more companies look to extract the maximum business benefit from these technology investments. With over 85% of our business coming from US clients, the establishment of our domestic collaborative/analytics software development center has enabled us to be very competitive and to further strengthen and expand our relationships with our clients."

About IAOP
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting association and advocate for the outsourcing professionals and the organizations they support. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org.

About Persistent Systems:
Persistent Systems (BOMBAY: PERSISTENT) (NSE: PERSISTENT) is a global company specializing in software product and technology services. For over two decades, Persistent has consistently been selected as the trusted innovation partner for the world's largest technology brands, leading enterprises and pioneering start-ups. Persistent has a global team of more than 7,500 employees worldwide including offices and delivery centers in North America, Europe, and Asia. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare, and banking & financial services verticals. For more information, please visit: http://www.persistent.com.

Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit:
www.persistentsys.com/Portals/0/forward_looking_cautionary_statement.shtml

All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

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Media Contacts:

Rashmi Joshi
Persistent Systems Ltd.
Tel: 91 83083 39400
Email: Email Contact

Kate Tulloch-Hammond
IAOP Manager, Media & Communications
+1.845.452.0600, ext. 122
Email: Email Contact

Ilona Mohacsi
PenVine for Persistent Systems Ltd.
Tel: +1 631 764 3729
Email: Email Contact

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