Persistent Acquires Google Cloud Premier Partner, MediaAgility
Buyside Advisor to Persistent
CHARLOTTE, NC – Persistent Systems (BSE and NSE: Persistent), a global services and solutions company delivering digital engineering and enterprise modernization has acquired MediaAgility, a global cloud transformation services provider with deep expertise in building scalable, cloud-based solutions. This acquisition will give Persistent a Google business unit and the ability to scale its investments in the cloud hyperscaler ecosystem. 7 Mile Advisors acted as the buyside advisor to Persistent throughout the transaction.
MediaAgility provides cloud-native application development and modernization, analytics and AI, cloud engineering, migrations, and managed services to its’ 35+ enterprise service clients across the globe. MediaAgility has been positioned by Gartner® as a Niche Player in the 2021 Magic QuadrantTM for Public Cloud IT Transformation Services and was recognized for Completeness of Vision and Ability to Execute. With over five hundred employees in the US, Mexico, the UK, and India, MediaAgility has 31 Google Cloud Partner Expertise designations, 330+ Google Cloud certifications, and seven Google Cloud partner specializations.
With the increased demand for Google Cloud expertise, this acquisition will expand Persistent’s ability to execute cloud-based digital transformation journeys for their global clients.
“It was a pleasure to partner with the Persistent team as we evaluated the public cloud partner market ecosystem. The Google partner channel continues to drive significant M&A interest in the market, so it was great to find such a great opportunity in MediaAgility,” said Kristina Sergueeva, Managing Director, 7 Mile Advisors.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
With over 16,500 employees located in 18 countries, Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. Persistent was named to the Forbes Asia Best Under a Billion 2021 list, representing consistent top-and-bottom-line performance as well as growth. www.persistent.com