Sonata Software Ltd.

BSE: 532221 | NSE: SONATSOFTW
Small Cap | IT - Software
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Sonata Software enters into partnership with NIT Trichy

Date: 20-04-2015

Sonata Software, a global IT software services and technology solutions company has entered into a partnership with National Institute of Technology (NIT) Trichy, one of the top 10 technology institutions in the country, to promote student innovation and entrepreneurship. As per the terms of this partnership, Sonata Software will use its resources to support the Centre for Entrepreneurship Development and Incubation (CEDI), NIT Trichy in incubating and developing next generation entrepreneurs. This joint initiative will also be a significant step in strengthening the Technology Incubation and Development of Entrepreneurs (TIDE) program of Ministry of Communications & IT.

The Innovation and the Entrepreneurship Development activities of NIT Trichy are spearheaded by CEDI, a Section 8 company, promoted by the Institute. CEDI is involved in a variety of activities and initiatives spanning the entire value chain of promoting innovation and entrepreneurship. These include awareness creation, education and training, providing platforms for validating innovative ideas, business plan development, and importantly incubation support along with seed funding.

This is a unique venture from Sonata to promote technology innovation and entrepreneurship programs for students in an educational institute of great repute. In addition to technical and managerial support, Sonata will commit significant funding to the extent of Rs 12 million for three years beginning 2014-15 to CEDI NIT Trichy to support technology business incubation.

Sonata Software is focused on innovative solutions for Travel, Retail and CPG verticals driven through integrating technologies such as Omni-channel commerce, Mobility, Analytics and Cloud.