Persistent Systems, the leader in outsourced software product development services, has won the prestigious Bloomberg UTV's ‘CXO Award 2011 - Technology Chapter', in the 'Indian IT Company of the Year' with revenues below Rs 5,000 crore category.

The award was received by the company at an award ceremony held in Mumbai on December 17, 2011. The company was also a proud winner of the Bloomberg UTV's ‘CKO Award in 2010' in the 'India's Emerging Software Company of the Year' category.

The 'CXO Awards 2011 - Technology Chapter' awards are aimed at appreciating the efforts of business leaders, who have helped in felicitating change and progress through their technology initiatives.

Persistent Systems is an OPD specialty company offering customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of the customers' existing software products.