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Sonata Software buys Australian firm for Rs 28 crore

IANS  |  Bengaluru 

Leading Indian IT services provider on Thursday said it acquired Australia-based for Rs 28 crore (Australian dollar 5.5 million) to hardsell 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 told IANS here.

"The acquisition will enable Scalable to become a digital transformation of choice for customers in retail, distribution, and across Australia," said the company in a statement.

The Brisbane-based Scalable has been providing solutions, including Dynamics 365 software product, in the Australian market over the past 25 years for enterprise resource planning (ERP) and (CRM) applications.

Scalable has sold Dynamics 365 F&O (and operations) solutions to leading clients in 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 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 in Dynamics space and has a track record of acquiring and nurturing firms for fuelling growth. The acquisition will give us an additional capability in tech stack and address larger opportunities in the market," Scalable said.

Sonata acquired the US-based 365 in October 2015 and has an IP brick and click for retail, modern distribution and industries.

The commodity IP from Scalable has also extended Sonata's supply chain capabilities focused on manufacturing and distribution industries.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 21:14 IST
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