Sonata Software buys Australian firm for Rs 28 crore
Thursday - December 6, 2018 9:14 pm , Category : BUSINESS
Bengaluru, Dec 6 (IANS) Leading Indian IT services provider Sonata Software on Thursday said it acquired Australia-based Scalable Data Systems for Rs 28 crore (Australian dollar 5.5 million) to hardsell Microsoft Dynamics 365 product."We signed an agreement to acquire Scalable for an enterprise value of Australian dollar 5.5 million (Rs 28 crore) subject to adjustment on account of working capital and debt," a company spokesman told IANS here."The acquisition will enable Scalable to become a digital transformation partner of choice for customers in retail, distribution, manufacturing and travel sectors across Australia," said the company in a statement.The Brisbane-based Scalable has been providing business solutions, including Microsoft Dynamics 365 software product, in the Australian market over the past 25 years for enterprise resource planning (ERP) and customer relationship management (CRM) applications.Scalable has sold Microsoft Dynamics 365 F&O (finance and operations) solutions to leading clients in manufacturing and wholesale and distribution."Scalable brings value in terms of Microsoft Dynamics capabilities and resources to us, besides additional IP (intellectual property) and geographical reach," Sonata Chief Executive Srikar Reddy said on the occasion.Sonata also enables platform-based digital transformation for enterprises to create businesses that are connected, open, intelligent and scalable."Sonata is a leader in the Microsoft Dynamics space and has a track record of acquiring and nurturing firms for fuelling growth. The acquisition will give us an additional capability in the Microsoft tech stack and address larger opportunities in the market," Scalable Chief Executive Brett Crew said.Sonata acquired the US-based IBIS Dynamics 365 partner in October 2015 and has an IP brick and click for retail, modern distribution and manufacturing industries.The commodity IP from Scalable has also extended Sonata's supply chain capabilities focused on manufacturing and distribution industries.