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Persistent Acquires Starfish Associates, Strengthening its Position in AI-powered Contact Center and Unified Communications

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 PUNE, India, July 3, 2024 /PRNewswire/ — Persistent Systems (BSE: PERSISTENT) and (NSE: PERSISTENT), a global pioneer in Digital Engineering and Enterprise Modernization, today announced the intent to acquire New Jersey-based Starfish Associates. This strategic acquisition builds on Persistent’s existing engineering capabilities in the Contact Center and Unified Communications space, expanding its strong AI-driven business transformation capabilities and expertise in driving operational excellence. Known for its cutting-edge Enterprise Communications automation platform, Starfish Associates caters to the world’s largest enterprises including many Fortune 500 companies.

Starfish Associates’ automation platform excels as an intelligent integration hub and workflow engine, facilitating seamless connections across a myriad of business applications and communication systems. It enhances multi-vendor communication management through automation with platforms such as Amazon Connect, Avaya, Cisco, Genesys, and Microsoft Teams. In addition, it integrates with key business applications like ServiceNow, Workday, and Microsoft Active Directory to streamline workflows and operations.

This acquisition brings together Starfish Associates’ innovative platform with Persistent’s leading AI-powered automation capabilities and a strong customer base, enabling significant optimizations, enhanced efficiencies for workflows, and agile responses to dynamic business environments.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:

“Our journey of industry-leading growth continues, fueled by strategic expansion and a deep understanding of our clients’ needs. The integration of Starfish Associates’ platform greatly enhances our unified communications and contact center management offerings as this industry undergoes significant disruption on the back of AI-led innovations. This acquisition paves the way for us to support our global clients to unlock the full potential of these innovations in their contact centers. We are excited to welcome Starfish Associates to the Persistent team and anticipate great success in scaling our operations with Robert, David, and their team.”

Robert Hankin, Co-Founder and Partner, Starfish Associates:

“Since our inception, Starfish Associates has been dedicated to enhancing enterprise management of unified communications and contact centers, always aiming to elevate customer and employee experiences. Joining forces with Persistent presents a new chapter for us, on one hand augmenting our capabilities in integration, automation, and AI-driven contact center transformation, and on the other hand, giving us access to Persistent’s strong customer base.”

David Raanan, Co-Founder and Partner, Starfish Associates:

“Persistent brings unmatched expertise in Digital Engineering and AI automation. Our platforms and solutions align perfectly with Persistent’s strategic objectives, creating robust synergies to propel competitive advantages and streamline operations for enterprises globally.”

Phil Fersht, CEO and Chief Analyst, HFS Research:

“With the acquisition of Starfish Associates, Persistent is positioned to disrupt the Unified Communications and Contact Center markets. The firm’s industry-leading growth and distinct culture make this an exciting proposition to watch as the need for AI-enabled transformation from enterprises demands trusted providers with multi-platform experience in UC and Contact Centers to drive both enhanced customer experiences and operational efficiencies. The synergies between Persistent and Starfish Associates bring immediate benefits to Persistent’s clients and position the firm aggressively in the customer experience market, further highlighting its broad-based AI capabilities.”

About Persistent

With over 23,800 employees located in 21 countries, Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 268% growth since 2020, Persistent is the fastest-growing Indian IT Services brand according to Brand Finance. 
www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs 

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SOURCE Persistent Systems

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New Visions for the Future: 4th China-CEEC Expo & International Consumer Goods Fair Kicks Off

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NINGBO, China, May 23, 2025 /PRNewswire/ — A news report from Ningbo External Communication Center:

On May 22, the 4th China-Central and Eastern European Countries (CEEC) Expo & International Consumer Goods Fair opened in Ningbo, Zhejiang Province. With the theme “New Visions for the Future,” the event attracted over 15,000 professional visitors from 72 countries and regions. Import purchase intentions from CEECs are expected to exceed 10 billion yuan.

The 80,000-square-meter exhibition space is divided into two main sections: the CEEC exhibition zone and the export consumer goods zone. Covering 20,000 square meters, the CEEC zone features over 400 exhibitors showcasing more than 8,000 unique products, including Czech beer, Slovenian honey, Hungarian down products, and Slovenian ski gear. Meanwhile, the export consumer goods zone features over 1,000 Chinese enterprises presenting high-quality offerings such as consumer goods and smart technologies, giving global buyers an immersive technological showcase.

During the Expo, a number of events such as business matching activities and intergovernmental exchange activities will be staged. Besides, conferences such as the China-CEEC Joint Chamber of Commerce Meeting and the 7th China-CEEC Dialogue on Customs, Inspection and Quarantine Cooperation will be held to deepen the alignment of rules. Another side event, the 2025 China-CEEC Mayors Forum, focuses on shaping a new paradigm of urban governance, and the China-Central and Eastern Europe International Regatta will set sail for promoting people-to-people exchanges. In addition, interactive activities such as the “Hi-Go” CEEC Product Shopping Festival will be held in an online-offline hybrid form.

This year, Slovenia and Slovakia serve as the Guests of Honor. In addition to full participation from all 14 CEECs, exhibitors from nine other countries—including the UK, France and Germany—are attending the Expo for the first time. Moreover, institutions such as the World Bank, the European Union Chamber of Commerce in China, and world-renowned enterprises including Sanofi, Novartis, and Morgan Stanley have been invited to attend the event.

Looking ahead, the Expo aims to unlock greater potential and expand the scope of cooperation. By promoting a regularized mechanism for exchanges and collaboration, it seeks to capitalize on new opportunities in industrial transformation and investment.

 

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SOURCE Ningbo External Communication Center

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“CP Group,” through “True IDC,” Launches Thailand’s First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN

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BANGKOK, May 23, 2025 /PRNewswire/ — True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand’s first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation’s digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN.

Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand’s entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country’s new economy—benefiting both businesses and citizens. It enhances Thailand’s global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people.

“To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development.” stated by Mr. Suphachai.

Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added “I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries.”

Mr. Thanasorn Jaidee, President of True IDC, shared, “This new AI Hyperscale Data Center sets a new benchmark for Thailand’s data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand’s capability to independently and securely develop advanced technologies.”

This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand’s best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries.

This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand’s New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure.

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SOURCE True Internet Data Center Co., LTD. (True IDC)

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Frontier Wave Investment Alliance Launches Next-Phase QuantFrame AI Modules Under Silas Wainwright’s Leadership

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NEW YORK, May 23, 2025 /PRNewswire/ — Frontier Wave Investment Alliance today announced the deployment of a new generation of QuantFrame AI modules designed to strengthen market responsiveness, strategic forecasting, and portfolio adaptability for financial professionals. Developed under the leadership of founder and financial technologist Silas Wainwright, the update signals a continued evolution in the institution’s commitment to intelligent, accessible investment systems.

The newly released tools include advanced features for geopolitical scenario simulation, multi-market correlation tracking, and ESG-integrated portfolio scoring. These components expand upon QuantFrame AI’s existing capabilities, which are already known for integrating machine learning, macroeconomic analysis, and automated decision-making across diverse asset classes.

“Our focus remains on creating systems that not only respond to market volatility, but anticipate it,” said Elliot Granger, Director of Strategic Technologies at Frontier Wave Investment Alliance. “QuantFrame AI’s new modules are built to help investors move with precision, insight, and purpose in uncertain environments.”

Silas Wainwright has long emphasized the importance of scalable, ethical, and transparent AI in financial decision-making. The latest QuantFrame AI release reflects this vision by incorporating greater explainability in algorithmic recommendations and increased modular customization for institutional partners.
https://www.youtube.com/embed/PsQGOgaFEi0

The new phase of QuantFrame AI will also be embedded into Frontier Wave’s education programs, giving students and early-career professionals direct access to the same tools used by experienced fund managers and analysts. The initiative strengthens the organization’s hybrid model of combining skill-based training with institutional-grade technology.

As part of its global engagement strategy, Frontier Wave Investment Alliance will introduce the updated QuantFrame AI system through a series of online masterclasses, virtual case labs, and multi-lingual investor workshops over the coming months.

About Frontier Wave Investment Alliance

Frontier Wave Investment Alliance is a global financial education and technology institution founded by Silas Wainwright. With a mission to bridge practical finance, ethical investment principles, and intelligent systems, the organization delivers high-impact training and infrastructure to investors worldwide. Its flagship platform, QuantFrame AI, integrates machine learning, macroeconomic modeling, and automated portfolio intelligence to empower both individuals and institutions in dynamic market environments.

Disclaimer:

The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

CONTACT

PR Manager
Ava Robinson
Frontier Wave Investment Alliance
service@wavesolution.com

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SOURCE Frontier Wave Investment Alliance

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