Sonata Software shines as its arm signs definitive agreement with Quant Systems INC
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Sonata Software is currently trading at Rs.718.90, up by 28.70 points or 4.16% from its previous closing of Rs. 690.20 on the BSE.
The scrip opened at Rs. 693.55 and has touched a high and low of Rs. 718.70 and Rs. 693.55 respectively. So far 19667 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 753.00 on 20-Feb-2023 and a 52 week low of Rs. 457.50 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 753.00 and Rs. 668.00 respectively. The current market cap of the company is Rs. 10011.17 crore.
The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 26.64% and 45.19% respectively.
Sonata Software’s wholly owned subsidiary -- Sonata Software North America Inc., (SSNA), 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. It’s strong leadership team with rich experience and successful track record in client services, and technology innovation in the areas of Digital transformation, Enterprise Data, Salesforce, Data Privacy, Snowflake and Adobe.
Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.
