Sonata Software to acquire Australian firm

Bengaluru-headquartered Sonata Software has agreed to acquire Brisbane, Australia-based Scalable Data Systems Pty. Ltd for an enterprise value up to A$5.5 million ($4 million or Rs 28 crore) in an all-cash deal. Srikar Reddy, MD and CEO, Sonata Software, said: “Scalable Data Systems brings great value in terms of Microsoft Dynamics 365 capabilities and resources to Sonata.” Microsoft Dynamics 365 is a cloud-based collection of business applications. Scalable Data Systems is a Microsoft Dynamics 365 value-added reseller and a software vendor focused on Microsoft Dynamics 365 Finance and Operations (F&O). Scalable Data Systems provides Microsoft Dynamics 365 F&O solutions to clients in Australia. Reddy said, “The acquisition will provide Sonata with additional intellectual properties (IPs) and geographical reach, along with a strong boost to its strategy to be a global leader in the Microsoft Dynamics 365 partner ecosystem with core IPs across a wide range of industries and a global footprint.” The acquisition is expected to close in a month. Sonata Software receives a chunk of its revenues from reselling software in India and is a major reseller of Microsoft software. Sonata Software then said the acquisition would strengthen its footprint as a global Microsoft Dynamics partner for the retail and distribution industry.