Sonata Software shares jumped on Monday after the company announced acquisition of a strategic controlling stake in Rezopia Inc., the first cloud based end to end reservations, contracts, operations and distribution management systems platform for travel providers, 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. In a separate transaction, Sonata Software will also acquire the businesses of Xyka India which is the primary service provider to Rezopia's platform.
Shares of the company are trading at Rs 100.95, up Rs 3.05, or 3.12% at the Bombay Stock Exchange (BSE) on Monday at 12:13 p.m.
The scrip has touched an intra-day high of Rs 102.05 and low of Rs 95.50. The total volume of shares traded at the BSE is 210,725.