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Sonata Software announces acquisition of controlling stake in Rezopia Inc.

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Capital Market

Also acquires Xyka India

Sonata Software announced the acquisition of a strategic controlling stake in Rezopia Inc., the first cloud based end to end reservations, contracts, operations and distribution management systems platform for travel providers, headquartered in California, USA.

The acquisition is aimed at enabling both companies to leverage mutual strengths and opportunities in serving emerging IT solution needs in the global Travel industry.

In a separate transaction, Sonata Software will also acquire the businesses of Xyka India, which is the primary service provider to Rezopia's platform.

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First Published: Aug 25 2014 | 12:36 PM IST

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