Persistent Systems inches up on expanding relationship with Zscaler
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Persistent Systems is currently trading at Rs. 4978.90, up by 14.40 points or 0.06% from its previous closing of Rs. 4964.50 on the BSE.
The scrip opened at Rs. 4959.95 and has touched a high and low of Rs. 4984.30 and Rs. 4906.90 respectively. So far 2068 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5278.50 on 02-Jun-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 5083.90 and Rs. 4818.90 respectively. The current market cap of the company is Rs. 38189.42 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 48.14% and 20.58% respectively.
Persistent Systems has further strengthened its strategic relationship with Zscaler by reaching the Zenith partnership tier. With the global increase in cyberattacks, security has become paramount for all organizations regardless of size and industry. Persistent aims to leverage its Zscaler partnership to assist clients in strengthening and modernizing their security posture with a zero-trust security model. This is a key component of enabling clients to create a secure environment to migrate and modernize their workloads on their cloud journey.
The Zenith tier is the highest level of partnership in the Zscaler partner program. Achieving this level demonstrates Persistent’s commitment and investments in the Zscaler platforms and the Company’s experience in effectively implementing security solutions. Investments include prebuilt automation for faster deployments, playbooks for troubleshooting, and custom integrations to client’s existing security stack.
In addition, Persistent has an expanded relationship as a Zscaler client. Through its enterprise deployment of the Zscaler solutions, Persistent has fortified its cyber security infrastructure and improved its security posture. This deployment has also enabled Persistent to consolidate security tools, reduce operational expenses, and lower maintenance costs.
Persistent Systems is a global company specializing in software product and technology services.
