Sonata Software buys Encore Software to boost its Cloud Engineering Capabilities


Sonata Software has now signed a definitive agreement to acquire a 100% stake in Encore Software Services to boost its cloud capabilities.

As per the regulatory filings, Sonata revealed that Encore is being acquired by Sonata Software's North American subsidiary with a payment of $6.37 million and a deferred payout of $8.25 million. The all-cash transactions are going to be completed within 180 days

Encore offers data insights, user experience, and real-time digital transformation services to its customers in the life science, hi-tech, financial services, logistics, and retail sectors. The company is headquartered in San Jose with a development center in Chennai with magnificent Azure expertise to migrate, deploy, modernize or manage infrastructure, apps, and databases.

Executive Opinion

Srikar Reddy, MD & CEO, Sonata Software, said, "This is a continuation of our M&A strategy focusing on strategic acquisitions aligned to our Platformation™ led digital transformation strategy, access to seasoned local leadership talent and entry into new industry verticals. We are excited to welcome the Encore team to the Sonata family and commit to the Encore clients, continued high level of service apart from the other capabilities Sonata brings to make the relationships broader and deeper."  

Radhakrishnan, President, and Muralee, CEO, both co-founders of Encore, said, "We are excited to join the Sonata family, we see great synergies that will help scale our business offering new digital services & lead to opportunities for our people. Sonata's Platformation™ strategy will allow us to become more strategic to our clients and allow us to serve them with a greater set of capabilities, offerings.

Sonata Software's Encore Acquisition

The acquisition will strengthen Sonata Software's presence in the US as well as strengthen its digital transformation capabilities, majorly in application development, cloud engineering, digital test automation, and data management.

Sonata now gets an entry into some new verticals such as logistics and healthcare apart from reinforcing its ISV (Independent Software Vendor) business and Microsoft cloud offerings.

Encore's Indian development center gives the company access to a 300-strong technology talent pool
PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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