Sonata Software in jubilant mood on expanding Cloud based services offerings

Sonata Software is currently trading at Rs. 20.25, up by 1.00 points or 5.19% from its previous closing of Rs. 19.25 on the BSE.

The scrip opened at Rs. 18.80 and has touched a high and low of Rs. 20.35 and Rs. 18.80 respectively. So far 189577 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 44.70 on 08-Jul-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. 20.35 and Rs. 18.20 respectively. The current market cap of the company is Rs. 212.95 crore.

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

Sonata Software, a leading IT consulting and software services provider, has expanded its Cloud based services offerings through alliances with Salesforce.com and Amazon Web Services. The company’s Cloud Computing Center of Excellence (CoE) will creatively bring together Sonata’s product & platform engineering expertise, combined with leading Cloud technology platforms Windows Azure, Force.com & Amazon Web Services (AWS) - to help transform its customers’ business on the cloud.

Sonata offers end-to-end Cloud solutions to its customers. Its consulting services help customers define a roadmap for Cloud adoption, application development and migration - including architecture, development, and integration to on-premise applications, customer enablement, support and QA. Sonata also helps customers adopt third party Cloud solutions like Office365 and extend current platforms to a ‘pay-per-use’ model.

Currently, the company is helping some of the world’s leading Independent Software Vendors (ISVs) in transitioning their on-premise solutions to Cloud and facilitating enterprises in adopting third party Cloud platforms. It also helps them offer multiple software services to their various business groups by leveraging private Cloud.