Key Points of Sonata Software Mega Contract in Landmark Deal:
- Sonata Software announced a 10-year deal worth $160 million.
- This marks Sonata’s fourth deal since Samir Dhir took over as MD & CEO.
- Sonata acquired Quant Systems and its subsidiaries for $65 million upfront and $95 million in achievement-based payments.
- Dhir expressed excitement about the acquisition, stating that it will give Sonata an entry into Banking & Financial, along with Healthcare Services segment.
- Quant will become 1/6th of the company’s revenue going forward.
- Sonata was selected as the top System integration (SI) partner for Bayer’s new cloud solutions for the agri-food industry.
- Sonata achieved all six Microsoft Solutions Partner designations, reinforcing its commitment to delivering innovative technology solutions to its customers.
Details of Sonata Software Mega Contract in Landmark Deal:
Sonata Software announced a 10-year deal with a total contract value (TCV) of $160 million. This marks Sonata’s fourth deal since Samir Dhir took over as MD & CEO on February 14. In a growth acquisition move, Sonata completed the acquisition of Quant Systems and its subsidiaries for $65 million upfront and $95 million in achievement-based payments over a two-year period.
Dhir expressed excitement about the acquisition, stating that it will give Sonata an entry into Banking & Financial, along with Healthcare Services segment. He added that Quant will become 1/6th of the company’s revenue going forward.
Apart from the Quant acquisition, Sonata has been selected as the top System integration (SI) partner for Bayer’s new cloud solutions for the agri-food industry.
Sonata also signed an agreement with enterprise search leader Sinequa, enabling the company to offer its customers a powerful intelligent search solution that supports enterprise-wide search and develops customized domain and situational applications.
On March 6, Sonata Software achieved all six Microsoft Solutions Partner designations. These designations are anchored on the Microsoft Cloud and aligned to six specific Microsoft solution areas, including business applications, data and AI (Azure), digital and App innovation (Azure), infrastructure (Azure), modern work, and security.
This announcement reinforces Sonata’s commitment to delivering innovative technology solutions to its customers.
About Sonata Software:
Sonata Software is primarily engaged in the business of providing Information Technology (IT) Services and Solutions to its various customers in the United States of America, Europe, Middle East, Australia and India.
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