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Shaping the future of software driven business

7

Our team is our strength and I am grateful to

the hard work and the efforts of our team that

is dedicated to ensuring that our customers are

completely delighted.

The Life at Persistent program that we launched

three years back has continued to expand in scope

and substance. We have extended the programs to

include families of our employees and are focused

on helping employees take a holistic approach to

careers at Persistent and life beyond.

Our commitment to the community continues to be

strong and I take this opportunity to congratulate

the Persistent Foundation team for completing

ten years of dedication to the community. Their

efforts have enthused employees to participate

and contribute to help the less fortunate. They

have ensured that the financial contributions

made by the Company towards corporate social

responsibility extend beyond the mandatory 2%

to make significant impact in the community.

I am proud of what the Foundation has achieved

in the first decade and I wish them all the best in

the future and hope they will continue to be the

catalyst for change.

In my new role as the Executive Chairman,

I look forward to working closely with Chris

and the new management team. I am confident

that the strong foundation that we have built

over the first twenty-nine years will set us up well

to launch bold, new initiatives that will take the

Company to new heights.

Finally, I thank my fellow shareowners for being

part of the Company even through a difficult year.

I assure you we will do our best to ensure that

your confidence in Persistent is rewarded.

Sincerely,

Anand Deshpande, Ph.D.

Founder, Chairman and Managing Director

From the Chairman’s Desk