Monday 25 August 2014

Sonata Software trades higher on bourses to acquiriing controlling stake in Rezopia


   BSE Code :                         532221
   Face Value :                       Rs 1.00
   Group :                            BSE 'B'
   Shareholding pattern
   (a)Promoters                      32.79%
   (b)Institutions                    5.23%
   (c)Non-Institutions              61.98%   
    One year High-Low            Rs 102.05 - Rs 23.40 

     Sonata Software, a global IT services company with a strong footprint in the Travel industry segment, has acquired controlling stake in Rezopoia Inc., the first cloud based end to end reservations, contracts, operation and distribution management systems platform for travel provider, headquartered in California, USA. The acquisition is aimed at enabling both companies to leverage mutual strengths and opportunities in serving emerging IT solution needs in the global Travel industry.
     Sonata Software is focused on innovative solutions for Travel, Retail and CPG  verticals driven through integrating technologies such as Omni-channel commerce, Mobility, Analytics and Cloud.
     In a separate transaction, Sonata Software will also acquire the businesses of Xyka India, which is the primary service provider to Rezopia's platform.
     Sonata Software is currently trading at Rs 99.20, up by 1.30 points from its previous closing of Rs 97.90 on the BSE.



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