Persistent Systems buys NovaQuest

Software product and technology services company Persistent Systems has acquired privately-held NovaQuest, a US-based product lifecycle management and search-based technology solutions provider. The financial terms of the acquisition were not disclosed. The acquisition helps Persistent Systems enter into strategic partnership with 3D design software maker Dassault Systemes to sell and offer support in the US NovaQuest is a value-added reseller (VAR) and services provider of Dassault Systèmes’ 3D platforms, the company said in a statement. “Persistent Systems and Dassault Systèmes have developed a strong partnership, and now with the acquisition of NovaQuest, we are further able to expand our relationship and support for Dassault Systèmes applications, as well as grow our product lifecycle management (PLM) business across new industry verticals,” said Persistent Systems President Hari Haran.