Sonata Software

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Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities.

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The company's North America arm has inked an agreement to buy 100 per cent in Texas-based Quant Systems in an all-cash deal of $65 million.

The new CEO has reiterated that he is planning to double IT services revenue in four years as he is looking to accelerate the growth from hereon

Mahindra & Mahindra Financial Services, Sonata Software Limited, and Blue Star may rise up to 10 per cent in the overbought territory of RSI.

Sonata Software fixed Saturday, September 10, 2022 as record date to ascertain eligibility of shareholders for issuance of bonus equity shares.

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The management said it see the demand situation as being extremely satisfactory with growth in existing accounts and new deal pipeline

Sonata Software on Wednesday said it will acquire US-based IT services company Encore Software Services, a move that will enhance its capabilities in cloud engineering, application development and maintenance and data management. In a regulatory filing, Sonata Software said its wholly-owned subsidiary Sonata Software North America Inc (SSNA) has signed a definitive agreement with the shareholders of Encore Software Services, Inc. The cost of acquisition involves an upfront payment of USD 6.37 million (including adjustments for working capital, cash, and net debt) and deferred payout of USD 8.25 million payable over 3 years, it added. Encore Software Services, incorporated in 1998, is headquartered in San Jose, with development centre in Chennai. "This is a continuation of our M&A strategy focusing on strategic acquisitions aligned to our Platformation led digital transformation strategy, access to seasoned local leadership talent and entry into new industry verticals. "We are ...

Prabhudas Lilladher expects healthy revenue momentum given huge opportunity in digital platforms & cloud

The momentum indicators and oscillators on the weekly scale are very well in 'buy' mode

Scalable Data Systems is a business solutions provider in the Australian market

In past three months, the stock rallied 82% against 3.7% rise in the S&P BSE Sensex.

The company reported nearly 30% growth in revenues over last financial year

Saksoft, HCL Infosystems, Trigyn Techno, D-Link, Take Solutions, Mastek and Ramco Systems were up 2% - 6% on BSE.