{"id":829597,"date":"2024-07-05T09:32:13","date_gmt":"2024-07-05T04:02:13","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=829597"},"modified":"2024-07-05T09:32:44","modified_gmt":"2024-07-05T04:02:44","slug":"persistent-systems-to-acquire-starfish-associates-for-20-7-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/05\/persistent-systems-to-acquire-starfish-associates-for-20-7-million\/","title":{"rendered":"Persistent Systems to acquire Starfish Associates for $20.7 million"},"content":{"rendered":"<p>Persistent Systems Inc, USA (wholly-owned subsidiary of Persistent Systems) has entered a stock purchase agreement to acquire Starfish Associates, LLC, USA. New Jersey-based Starfish is focused on unified communication and contact centre technology domain, providing enterprise communication solutions to large enterprises, including Fortune 500 companies. <\/p>\n<p>Persistent Systems Inc will acquire a 100% stake in Starfish for $20.7 million. This includes an upfront payment of $15.4 million and an earnout of $5.1 million over the next two years, contingent on achieving certain performance thresholds. There will be a retention payment for key employees of $0.2 million over the next two years. The acquisition would be completed within four to six weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Persistent Systems Inc, USA (wholly-owned subsidiary of Persistent Systems) has entered a stock purchase agreement to acquire Starfish Associates, LLC, USA. New Jersey-based Starfish is focused on unified communication and contact centre technology domain, providing enterprise communication solutions to large enterprises, including Fortune 500 companies. Persistent Systems Inc will acquire a 100% stake in Starfish for $20.7 million. This includes an upfront payment of $15.4 million and an earnout of $5.1 million over the next two years, contingent on achieving certain performance thresholds. There will be a retention payment for key employees of $0.2 million over the next two years. [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-829597","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=829597"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829597\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=829597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=829597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=829597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}