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Sonata Software rises on plan to acquire Premier United States based Microsoft Dynamics Partner IBIS

29 Oct 2015 Evaluate

Sonata Software is currently trading at Rs. 157.00, up by 2.80 points or 1.82% from its previous closing of Rs. 154.20 on the BSE.

The scrip opened at Rs. 154.35 and has touched a high and low of Rs. 160.55 and Rs. 153.95 respectively. So far 43446 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 182.50 on 08-Apr-2015 and a 52 week low of Rs. 120.50 on 30-Jan-2015.

Last one week high and low of the scrip stood at Rs. 160.55 and Rs. 151.00 respectively. The current market cap of the company is Rs. 1651.00 crore.

The promoters holding in the company stood at 32.38% while Institutions and Non-Institutions held 11.86% and 55.76% respectively.

Sonata Software has signed a definitive agreement to acquire the supply chain software and services provider Interactive Business Information Systems Inc. (IBIS Inc.). IBIS has a strategic partnership with Microsoft for the Dynamics solution and delivers world-class supply chain solutions, including its proprietary Advanced Supply Chain Software solution. The acquisition of the United States based IBIS will allow the company, a Bangalore, India based company to accelerate its footprint globally.

Advanced Supply Chain Software powered by IBIS is a total Dynamics AX and CRM supply chain solution designed expressly to meet the needs of modern distributors, manufacturers, and retailers. A winning combination of industry supply chain expertise, world-class supply chain software, and 26 years of successful Microsoft Dynamics implementations has culminated in making IBIS the preferred Microsoft Dynamics partner and solution provider for distributors and manufacturers worldwide. The company already serves leading US enterprises.

The company’s vision is to provide digital transformation solutions to Retail, Consumer Packaged Goods (CPG), and Distribution companies. Microsoft Dynamics AX and CRM solutions are being increasingly adopted globally by companies to transform their businesses.

Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of Its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers innovative new solutions for Travel, Retail & Consumer Goods and Software Product Companies by integrating technologies such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP, to drive enhanced customer engagement, operations efficiency and return on IT investments.

Sonata Software Share Price

280.50 1.20 (0.43%)
17-Apr-2026 16:59 View Price Chart
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