Image via PRN — Financial Technology
Persistent Systems: Geographic Expansion
Persistent Systems celebrates 10 years of operations in Mexico and is strengthening nearshore capabilities to support enterprise transformation across the Americas, leveraging AI-enabled engineering and cloud modernization services.
Source: PRN — Financial Technology
The leadership read
Market entry of this kind typically deepens demand for defence technology leadership bench strength in the region over the following 12–18 months.
Market context: Against a Talent Market Index of 98.6 (Neutral) (down 1.4 month-on-month), Americas is at easing (-2.6pts) on signal share.
Persistent Systems: 2 signals in the last 90 days — above the Defence Technology median of 1 across 43 tracked companies; 0.1% of MitchelLake's Americas signal flow; 2 tracked across 16 days.
Market entry — the MitchelLake playbook
When a company expands into a new market, the first leadership hires decide whether it lands. A selection of market entries we've run:
Market entry · Oceania
Square
Executive Search Fintech
Market entry
Dropbox
Executive Search for SaaS
Market entry · Asia
Deliveroo
Executive Search in ASEAN
Market entry · Oceania
SurveyMonkey
Managing Director APAC (first hire in region) / Country Manager
Market entry · Asia
LivePerson
Director ASEAN (first hire in region); also Head of Presales APAC
Market entry · Oceania
Etsy
Managing Director, Australia + Asia (MD APAC)
MitchelLake in this thematic
Our work · 2019
VP Sales (US) / CEO
Multiple (Longtail UX, Genbook)
Americas · Technology/SaaS · founder-transition · international-expansion
Our work · 2014
GM USA Matt Fry
Symbio
Americas · technology services · gm mandate
Our work · 2020
Chief Technology Officer
Splitit
Americas · Fintech · payments · fintech
Also at Persistent Systems →
More signals across Defence Technology
Geographic Expansion · Americas
RTX →Pratt & Whitney (RTX business) investing $100M+ to expand MRO operations across Texas, Florida and Arkansas sites to increase GTF maintenance capacity
Partnership · Americas
Cadence Design Systems →Cadence Design Systems announced a multi-year Design Technology Co-Optimization partnership with Intel Foundry targeting next-generation process technologies starting with Intel 14A, combining Cadence's agentic AI-driven EDA and Design IP with Intel's foundry capabilities.
Product Launch · Americas
Shield AI →Air Force awarded Shield AI competitive production option to deliver critical mission autonomy software for Collaborative Combat Aircraft (CCA) fleet. Selected from vendor pool including Lockheed Martin, Northrop Grumman, and General Atomics.
Capital Raising · Americas
Anduril Industries →Anduril Industries announced a $5B Series H funding round, valuing the company at $30.5B. It is the most valuable venture-backed defense startup globally. Defense tech sector hit record $14.6B in VC funding in 2026 YTD.
Ma Activity · Americas
Saab →Saab moving into formal negotiations with Canada for GlobalEye Airborne Early Warning and Control program, alongside multiple recent defence contracts and partnerships
Layoffs · Americas
United States Department of Defense →The Pentagon shed 78,000 civilian employees in 2025 through voluntary resignations, involuntary layoffs, and hiring freeze. Total workforce reduction reached approximately 14 percent of DOD civilians (110,000 people including deferred resignations and early retirements).
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