Sonata Acquires to Build on IP Portfolio

Published: 11th January 2016 05:42 AM  |   Last Updated: 11th January 2016 05:42 AM   |  A+A-

Go deeper, transform with IT” is the catchphrase of Bengaluru-based Sonata Software, the mid-size software services firm that helps companies transform their systems and processes.

Sonata Software, the global technology services and solutions company, had in December announced that it maintained its position in the ‘leadership zone’ in the recent Global Service Providers Ratings (GSPR) 2015 published by consulting firm Zinnov, for software product development in enterprise and consumer software categories.

The ranking reflects its  ability to partner customers in co-creating new age products. Sonata serves software product companies, and enterprises in the travel, manufacturing, retail and distribution verticals.

As it tries to gain depth in its capabilities, it has been making acquisitions on the way that it calls strategic. So far, it has been acquiring companies to build, integrate and acquire platforms across e-commerce, analytics, DevOps (a way of building teams, and building software that can solve problems) to complete portfolio for ‘Future Ready’ IP-led solutions that today number 13.

“Sonata Software has consistently been rated in the leadership position in Zinnov’s GSPR ratings for software product development services. Sonata’s deep understanding, based on their rich product engineering heritage, imparts them an edge over other product engineering services organisations,” said Sidhant Rastogi, Partner and Practice Head of Zinnov speaking of their capabilities.

Sonata works with many Fortune 500 companies (world’s 500 largest companies) and alliances with software majors Microsoft, SAP & Oracle, have made it a partner of choice for independent software vendors (ISVs) focused on enterprise software. An ISV is an organisation specialising in making or selling software, designed for mass or niche markets.

The company’s growth continues to be linear and it’s expected to reach a non-linear growth path once the new acquisitions and with them the IPs begin to bring in revenue.

In fiscal year 2015, it had revenue of over $250 million and a net profit of $20 million. The IT services revenue grew over 25 per cent and net profit grew over 85 per cent in FY15. As of now, about 30 per cent of its revenue come from travel, 28 per cent from retail and distribution, 32 per cent from independent software vendors.

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