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Voltage Security Leverages Persistent Systems to Deliver Solution Upgrades and Security Alerts in Record Time

New Arrangement Greatly Accelerates Product Releases and Patches for Leading-Edge Data Protection Solution

SANTA CLARA, CA and CUPERTINO, CA -- (Marketwire) -- 11/29/12 -- Persistent Systems (BOMBAY: PERSISTENT) (NSE: PERSISTENT), the global leader in software product and technology services, and Voltage Security®, the world leader in data-centric encryption and key management, today announced an innovative arrangement that greatly accelerates the process through which 1,000 enterprise users of Voltage SecureData™ data protection solution will receive product releases and patches. Working with Persistent Systems' expert engineering team, Voltage can now deliver solution upgrades within 18 hours, while many competitive options still take up to a week. There's also a faster time to market for new features and security alerts, the ability to work across 13 operating systems and elimination of the potential for human error.

"In the security field, we don't have the luxury of time -- our customers expect fast release cycles and security alerts, and they should," said John Weald, vice president, Engineering at Voltage. "Persistent Systems understood our 'Agile Scrum' environment and was able to help accelerate the release process without compromising quality. Reducing the turnaround time from days to hours gives our customers a huge strategic advantage, and further demonstrates Voltage Security's commitment to both innovation and customer support."

Voltage Security provides data-centric encryption solutions to some of the largest companies in the world across a wide variety of industries, including payment systems, financial services, insurance, healthcare and e-commerce. When the company moved to Agile Scrum development, the specific goal was to provide releases simultaneously across all platforms the company supports. Voltage turned to Persistent Systems to help ensure that Voltage SecureData would run across multiple versions of Microsoft Windows, Sun Solaris, Red Hat Enterprise Linux, AIX, HP-UX and others.

"Persistent Systems has a world-class team of engineering experts in development, porting and QA, and we're privileged to be working with Voltage Security in speeding the time to market for this critical product line," said Nitin Kulkarni, executive director and COO, Persistent Systems Ltd. "Our joint efforts ensure that enterprise customers around the world are more secure, the call on help desks is reduced and Voltage Security can respond faster to new business opportunities."

About Voltage
Voltage Security®, Inc. is the leading data protection provider, delivering secure, scalable, and proven data-centric encryption and key management solutions, enabling customers to effectively combat new and emerging security threats. Powered by ground-breaking encryption innovations, including Identity-Based Encryption™ (IBE), Format-Preserving Encryption™ (FPE), and Page-Integrated Encryption™ (PIE), our powerful data protection solutions allow any company to seamlessly secure all types of sensitive corporate and customer information, wherever it resides, while efficiently meeting regulatory compliance and privacy requirements. For more information, please www.voltage.com.

About Persistent Systems:
Established in 1990, Persistent Systems (BOMBAY: PERSISTENT) (NSE: PERSISTENT) is a global company specializing in software product and technology services. For more than two decades, Persistent has been an innovation partner for the world's largest technology brands, leading enterprises and pioneering start-ups. With a global team of more than 6,000 employees, Persistent has 300 customers spread across North America, Europe, and Asia. Today, Persistent focuses on developing best-in-class solutions in four key next-generation technology areas: Cloud Computing, Mobility, Analytics and Collaboration, for telecommunications, life sciences, consumer packaged goods, banking & financial services and healthcare verticals. For more information, please visit: http://www.persistentsys.com.

Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit:
www.persistentsys.com/Portals/0/forward_looking_cautionary_statement.shtml

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Media Contacts:

Rashmi Joshi
Persistent Systems Ltd.
Tel: 91 83083 39400
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Ilona Mohacsi
PenVine for Persistent Systems Ltd.
Tel: +1 631 764 3729
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