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Persistent Systems Acquires Innovative Cloud Platform Business from Doyenz, Inc.

Persistent Systems, the global leader in software product and technology services, today announced it has entered into a definitive agreement through its US subsidiary to acquire ‘rCloud', an innovative cloud platform business from privately held Doyenz, Inc. Doyenz's rCloud, an innovative business continuity cloud platform, provides backup and disaster recovery for physical and virtual servers on the cloud for SMBs. Persistent Systems will continue to serve rCloud customers under the Doyenz brand. The Company will develop and enhance the rCloud service, maintaining employees and channel partnerships instrumental to its business. Terms of the definitive agreement were not disclosed.

This acquisition furthers Persistent Systems' objectives in growing its IP-led business, and strengthens the Company's cloud computing and SMB offerings. Doyenz's team of seasoned cloud experts and its rCloud service, will enable Persistent Systems to extend its cloud expertise and to provide a complete end-to-end solution to existing and new customers, delivered through the channel.

According to a recent Forrester Research report titled, "An Infrastructure And Operations Pro's Guide To Cloud-Based Disaster Recovery Services," 70% of SMBs interviewed said they considered DR (disaster recovery) to be of high or critical importance in the decision to adopt cloud services.

"We are committed to delivering the most advanced solutions in cloud computing and this acquisition will further expand our IP led solutions in the cloud and SMB space," said Nara Rajagopalan, Chief Product Officer, Persistent Systems, Inc. "With hundreds of partners representing over 3500 customers, Doyenz's proven rCloud disaster recovery solution is meeting a critical need in the global SMB marketplace. We are delighted to welcome Ashutosh Tiwary, CEO of Doyenz and the Doyenz team of cloud platform experts to Persistent."

"Our vision was to make recovery of IT applications and data faster, simpler, and more accessible to companies of all sizes," said Ashutosh Tiwary, CEO of Doyenz, Inc. "Persistent's acquisition of Doyenz's market leading disaster recovery cloud platform will allow us to grow and deliver even more enterprise-class, affordable, cloud-based disaster recovery services to Managed Service Providers, serving the SMB community. The team and I are excited to join Persistent Systems and to work together to further develop innovative disaster recovery and cloud services for our customers."

"Doyenz's rCloud is a critical component to our business, providing innovative cloud-based disaster recovery services to our partners" said Alex Rogers, CEO of CharTec. "Persistent Systems brings strong financial backing and top notch software professionals to rapidly develop innovative disaster recovery services for the channel."

Published Thursday, October 18, 2012 7:00 PM by David Marshall
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