Future Electronics Signs New Global Partnership Agreement with Persistent Systems

Future Electronics has signed a new global partnership agreement with Persistent Systems. End Quote

(1888PressRelease) April 18, 2019 - Future Electronics, a global leading distributor of electronic components, and Persistent Systems, a worldwide leader in IoT software product development services, are very pleased to announce a new global partnership agreement.

"Persistent Systems is a proven leader in IoT systems and solutions," said Matthew Rotholz, Vice President of Future Connectivity Solutions. "Their world-class team of engineers will help our customers accelerate the development and deployment of the critical software elements of their IoT solutions."

Persistent Systems has the expertise in embedded software, IoT, mobility, AI/ML and cloud technology to build complete and customized software for Future Electronics' customers, whether they are sourcing wireless connectivity, GNSS and other components, or deployment-ready IoT hardware such as IoT gateways and industrial controllers.

"Persistent Systems is excited to work with Future Electronics and their huge base of customers building IoT devices or embedding connectivity and sensor components in their products," said Sanjeev Srivastav, SVP and General Manager for IoT and Industrial Systems at Persistent. "We have the breadth of technology expertise needed to architect and deliver the IoT software that complements these new hardware products."

Already a global leading provider of IoT hardware and components, including advanced radio and sensor solutions, Future Electronics continues to build out its IoT ecosystem to include the latest connectivity solutions and device management platforms, enabling customers to fully leverage cloud-based data and maximize the value of their IoT infrastructure.

To learn more about Future Electronics' comprehensive offering of IoT hardware and software solutions, visit www.FutureElectronics.com.

About Future Electronics
Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a comprehensive suite of passives and semiconductor products. Founded by Robert Miller in 1968, Future Electronics has over 5,500 employees and operates in 169 offices in 44 countries around the world. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future's mission is always to Delight the Customer®. For more information, visit: www.FutureElectronics.com.

Media Contact
Martin H. Gordon
Director, Corporate Communications
FUTURE ELECTRONICS
www.FutureElectronics.com

514-694-7710 (ext. 2236)
Fax: 514-630-2671
martin.gordon ( @ ) FutureElectronics dot com

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