Sonata Software program to accumulate Encore Software program to strengthen US presence
The acquisition provides Sonata entry to an skilled management workforce that’s primarily based in america and provides important functionality to its platformation-led digital transformation technique. The deal additionally provides the Indian firm an entry into new verticals like healthcare and logistics, and reinforces its unbiased software program vendor and Microsoft-led cloud companies.
“This can be a continuation of our M&A method specializing in strategic acquisitions aligned to our platformation-led digital transformation technique, entry to seasoned native management expertise and entry into new business verticals. We’re excited to welcome the Encore workforce to the Sonata household,” stated Srikar Reddy, chief government of Sonata Software program.
Arrange in 1998, Encore Software program Providers is headquartered in San Jose, California, with a growth centre in Chennai, India.
“We’re excited to hitch the Sonata household, we see nice synergies that may assist scale our enterprise providing new digital providers and result in alternatives for our folks,” Encore co-founders Muralee Bhaskar and Radha Krishnan stated in a press release. “Sonata’s platformation technique will permit us to turn into extra strategic to our shoppers and permit us to serve them with a larger set of capabilities.”