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Sonata Software rises on plan to expand its geographical presence in US

20 Jun 2012 Evaluate

Sonata Software is currently trading at Rs. 18.50, up by 0.05 points or 0.27% from its previous closing of Rs. 18.45 on the BSE.

The scrip opened at Rs. 18.70 and has touched a high and low of Rs. 18.70 and Rs. 18.50 respectively. So far 18225 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 44.90 on 21-Jun-2011 and a 52 week low of Rs. 17.50 on 29-Mar-2012.

Last one week high and low of the scrip stood at Rs. 20.20 and Rs. 18.20 respectively. The current market cap of the company is Rs. 195.60 crore.

The promoters holding in the company stood at 37.83% while Institutions and Non-Institutions held 5.35% and 56.82% respectively. 

As a part of its integrated strategy of growing new markets, verticals and specialized horizontal services, focusing on transformational outsourcing and setting up of dedicated services based centres of excellence for clients, Sonata Software has appointed Francis Thomas and Pradeep Malgireddy as Sales Directors for the US geography. Post appointments, the company is planning to expand its footprint in US markets.

In their roles as Sales Directors, both Francis and Pradeep will be focusing on new logo acquisition and revenue growth in the US East coast and US Midwest territories respectively.

Recently, Francis has been responsible for partnership creation, product integration and go- to- market plans while, Pradeep was with Lionbridge Technologies in Chicago, as Senior Business Development Director.

Sonata Software is an IT consulting and software services provider. Sonata’s focus areas includes enterprises in the  Outsourced Product Development (OPD), Travel, Consumer  Packaged Goods (CPG), Retail  and Manufacturing verticals and its customers are located across the US, Europe, Middle East and the Asia-Pacific region.

Sonata Software Share Price

263.85 -1.35 (-0.51%)
05-Jun-2026 10:41 View Price Chart
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