India – 30th September 2024 – In considerable moves toward the AI-enabled transformation of business, Persistent Systems announced the acquisition of data privacy and cybersecurity solutions provider Arrka. It further develops Persistent’s data privacy competencies and offers support to businesses in an increasingly aggressive regulatory environment.
Sandeep Kalra, the CEO of Persistent, noted that in the age of big data, privacy legislation is becoming a well-recognized priority.
“Arrka Diary acquisition will help us enhance the digital transformation process for our customers with the right strategy without falling foul of the increasingly global requirements concerning data privacy,”
Kalra said. The acquisition underscores Persistent’s larger vision of convergence of innovative artificial intelligence components with efficient data governance and management frameworks along with information security.
Arrka is strategically positioned to exploit significant growth opportunities in the developing and deepening challenges of compliance and risk management. This will, in turn, combine with Persistent’s sophisticated digital engineering services, enabling enterprises to adopt a more risk-managed approach to AI deployment without the risk of compromising privacy.
“I believe that combining our efforts will allow companies to use AI products with ease without worrying about sensitive data,”
said Kalra on the transaction’s impact on ideas and security.
This merger will strategically enhance Persistent’s capability and holding in the cyber security and AI space. It will enable Persistent to penetrate new markets and provide new services to industries that are going through digital transformation where data privacy is important.
Persistent progress by establishing its presence through management buyouts. Attracting more clients who are looking for AI solutions but also looking for ones that do not sacrifice privacy compliance is resting on Persistent’s acquisition of Arrka.
Further details regarding the financial terms and integration strategy of the acquisition will be disclosed in the coming weeks.
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