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Sonata Software Limited
Sector:IT IT - Software - Large
BSE:532221NSE:SONATSOFTWBloomberg:SSOF@INReuters:SOFT.BO
Market Lot: 1Face Value: 1ISIN Demat: INE269A01021
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15-Dec-2016
Business Profile
Sonata Software (SONATA) is an information technology consulting and services company. It was incorporated on Oct. 18, 1994.

The company`s portfolio of services include IT consulting, application development, application management, managed testing, business intelligence, infrastructure management and outsourced product development. It has implemented over 100 enterprise applications and launched SonnetlTeS, a solution built on Microsoft Dynamics CRM 3.0 in March 2007 and the enhanced suite of SonnetBI, functional analyzers leveraging the powerful, adaptable and easy to use features of the Microsoft Office Performance Point Server 2007 and Office2007. The company has four offshore development centers including three in Bangalore and one in Hyderabad. It is setting up another development center in Hyderabad as part of its growth strategy.

This SEI CMM Level 5 certified company has technology alliances with Microsoft, Oracle, IBM, and Micro Focus; solution alliances with Prima Solutions, Scala, Midrange and Alliance; and other alliances with Actuate, Borland, and others. The company has won several awards including Microsoft`s Best Partner award, Mercury/HP`s most outstanding partner award and was named one of PC Magazine`s 4P`s Power Brands in 2007.

Subsidiaries include Sonata Information Technology, Offshore Digital Services Inc., and Sonata Software GmbH. In November 2006, Sonata Europe bought 50.1% stake in TUI InfoTec GmbH. The company has a joint venture Abisko Development with Scala Business Solutions N.V. to develop and maintain newer versions of Scala products. With offices in the US, UK, Germany and Singapore, the company provides both on-site and offshore services. It caters to clients like Hindustan Lever, Philips, Nokia, BPL, Wipro and GE among others.

The registered office of the company is at 208, T.V. Industrial Estate, S.K. Ahire Marg, Worli, Mumbai-400030.


Financials
The company announced fall of 8.97% in consolidated net profit on y-o-y basis to Rs 347.73 million, while total income declined 70.27% y-o-y basis to Rs 1.44 billion for the quarter ended June 2016.

Recent Developments
15-DEC-16
Sonata Software announced that its Unified Enterprise Mobility Platform Halosys had been granted a patent USPTO U 9,491,125 for its innovation on rule based notifications.

30-AUG-16
Sonata Software, a global technology services and solutions company, today announced it formed an alliance with Acris, a pioneer and leader in the Internet of Things (loT) market, for next-generation loT and mobile solutions for enterprises.

25-NOV-15
Sonata Software, a global technology services and solutions company, and its newly acquired subsidiary I.B.I.S., Inc. (Interactive Business Information Systems, INC.), a supply chain software and services provider and a Microsoft Dynamics?? strategic Partner; announced today that they will jointly showcase their Digital Transformation technologies at the Convergence 2015 EMEA to be held in Barcelona, Spain between 30th November 2015 and 2nd December 2015.

29-OCT-15
Sonata Software, a global IT services company, has signed a definitive agreement to acquire the supply chain software and services provider Interactive Business Information Systems Inc. (IBIS Inc.).

15-OCT-15
Sonata Software, a global technology services and solutions company, will showcase Digital Transformation Solutions at the etailcore Live Event, to be held in Barcelona on October 19 and October 20, 2015.

16-JUN-15
Sonata Software, a global IT services company, announced that it will be participating as a gold partner and exhibitor at the ReTechCon event, to be held in Mumbai from June 17-18, 2015.

06-FEB-15
During the quarter, the profit of the company rose 65.16% to Rs 357.08 million from Rs 216.21 million in the same quarter previous year.

07-NOV-14
During the quarter, the profit of the company rose 72.34% to Rs 311.11 million from Rs 180.52 million in the same quarter last year.



In Brief

 
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