Persistent Systems Ltd., a technology company, has acquired Starfish Associates, a New Jersey-based firm specializing in enterprise communication automation. The acquisition aims to expand Persistent Systems' artificial intelligence (AI)-driven businesses and deepen its expertise in business operations. Starfish Associates is known for its enterprise communication automation platform, which serves several Fortune 500 companies. The acquisition will strategically enhance Persistent Systems' AI-driven transformation and enable the company to offer comprehensive solutions to its clients. In a separate announcement, Persistent Systems dissolved its step-down US subsidiary, Software Company International LLC. Following the acquisition news, shares of Persistent Systems rose 3.17% to a record high of Rs 4,739. The stock has seen a significant increase of 92.96% in the past 12 months and 26.7% year-to-date. Out of 35 analysts tracking the company, 16 maintain a 'buy' rating, eight recommend a 'hold,' and 11 suggest a 'sell'. [052f7df9]