Persistent Systems, a global company specializing in software product and technology services, announced that to strengthen the teaching of computer science in engineering programs the company forms Persistent Computing Institute with Academia. The institute will provide a base for successful professionals with a passion for teaching to create and teach high quality courses in Pune institutions.

Mathai Joseph, head, Persistent Computing Institute said, ''This institute is a wonderful example of industry-academia interaction. What attracted me to this challenge is an opportunity to go beyond debate and discussion and make a difference in a field that is dear to me and to the future of our industry.''

Shares of the company declined Rs 3.9, or 0.3%, to trade at Rs 1,296.10. The total volume of shares traded was 1,760 at the BSE (3.17 p.m., Tuesday).