Background: Incorporated in 1990, Persistent Systems is one of the leading outsourced product development (OPD) companies in India w ith revenues of INR 6.69bn in FY14 and a track record of over 3000 product releases in the last 5 years. The company's business is primarily classified into product engineering and platform solutions business (81%) & the IP -led business (19%). The company has domain expertise in Infrastructure and Systems (55.3%), Telecom (16%), Life Sciences (13.5%) & Fin services (15.1%). With a strong workforce of 8296 employees, the company serves over 350 customers, which include marquee names such as...