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New Deal


Announced

Sonata Software to acquire Quant Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Software

Friendly

Cross Border

it solutions

software development

United States

Acquisition

Majority

Private

Pending

Synopsis

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Sonata Software, an Indian information technology services company, to acquire Quant Systems, an IT solutions & software company. Financial terms were not disclosed. "We are proud of our growth and the results we have delivered over the past 15 years for which we are thankful to our clients. Joining the Sonata family will enable us to take our innovative IPs and deep expertise to a broader clientele to solve complex cloud and data management challenges. This will also open up more growth avenues for our people and deepen the bench of valuable skills," Srini Veeravelli, Quant Systems CEO.

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