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Article: MeadWestvaco Sells its Paxonix Business to Persistent Systems.(Company overview)

Article from:
Computer Weekly News
Article date:
November 5, 2009
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MeadWestvaco Corporation (NYSE: MWV) and Persistent Systems announced that MWV has sold its Paxonix business to software development services company, Persistent Systems. Paxonix provides web-based branding and packaging process solutions that accelerate speed to market. The business was formed within MWV in 2001 and has steadily increased its unique, competitive offering of services and products. As MWV has sharpened its focus on value-added consumer packaging solutions, Paxonix is best positioned for success and growth within a specialized software services enterprise.

"For almost two decades, Persistent Systems has been a recognized leader in software product ...

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