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Bangalore, India, Feb, 2023 - Sonata Software, a Modernization and Digital Engineering company, has announced that Sonata Software North America Inc., (SSNA), a wholly owned subsidiary of Sonata Software Limited (SSL), has signed a definitive agreement with the Shareholders of Quant Systems INC., a Texas (USA) based IT Solutions and Software company, to acquire 100% stake.
This acquisition is in line with Sonata's strategy to accelerate the growth curve and build scale. It will accelerate Sonata's capabilities in Enterprise Data Analytics, Cloud modernization, Cyber security, Salesforce, Data Privacy, Adobe, and Digital & Mobile App solutions, including differentiated IPs for Salesforce (workbox.io) and Chatbot (LISA) technologies. It will expand Sonata's domain expertise in Banking and Financial Services, Healthcare & Life Sciences, Consumer/Retail and others.
"We aim to be the fastest-growing next-gen Digital firm delivering Modernization & Digital outcomes for enterprises through our Platformation™ Framework. To achieve this vision, we have outlined some key strategic drivers to build scale through service offering expansion in Modernization, invest in BFSI and Healthcare & Life Sciences verticals, and build global centres. Quant Systems aligns to our strategic drivers and will enable us to win larger deals in our focus-verticals and adds two large clients to our top 5 clients list," said Samir Dhir, MD & CEO, Sonata Software Limited.
"We are proud of our growth and the results we have delivered over the past 15 years for which we are thankful to our clients. Joining the Sonata family will enable us to take our innovative IPs and deep expertise to a broader clientele to solve complex cloud and data management challenges. This will also open up more growth avenues for our people and deepen the bench of valuable skills," said Srini Veeravelli, CEO, Quant Systems Inc.
Posted by Veronica Silva Cusi, news correspondent
Source: https://www.newswire.ca
Published: Tuesday, February 28, 2023
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