Persistent Systems, a global services and solutions company, has inaugurated its third facility in Hyderabad, located at Phoenix Equinox in Gachibowli. The expansion is aimed at strengthening the company’s capabilities in AI deployment, payments modernization, cloud platforms, and operational resilience programs for its Banking, Financial Services, and Insurance (BFSI) clientele.
The new facility is designed to offer secure, dedicated workspaces for program delivery and collaboration between Persistent Systems and its client teams. This strategic investment builds upon the company’s established financial services expertise and digital engineering capabilities, specifically supporting clients engaged in critical technology programs within regulated environments.
Persistent Systems: Overview
Barath Narayanan, Global BFSI and Europe Geo Head at Persistent Systems, highlighted the strategic importance of the new site. “Financial institutions are actively integrating AI into their operations while concurrently modernizing their foundational systems,” Narayanan stated. “Executing these complex programs demands a deep understanding of the domain combined with robust engineering expertise, all while maintaining stringent security and operational continuity. Our new Hyderabad facility provides dedicated environments for delivery and fosters closer collaboration with client teams. This investment also underscores our long-term commitment to cultivating financial services expertise and fostering career growth within the city.”
Persistent Systems currently employs over 3,000 individuals in Hyderabad, with existing offices situated at WaveRock and Sattva Knowledge City. The new facility expands this significant presence, further leveraging access to engineering and financial services talent available in Hyderabad’s ecosystem of financial institutions, global capability centers, and fintech companies. For more on industry developments and the latest IT infrastructure news, readers can visit TechnoSports (https://technosports.co.in/).
The opening of this facility is part of Persistent Systems (https://www.persistent.com/)’ broader strategy to enhance its delivery infrastructure and support the evolving technological demands of the BFSI sector.
