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Sonata Software Signs Its Largest-Ever Contract Worth $160 Mn
The period of contract is defined to be for 10 years with a US-based consumer retail company
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Sonata Software on Wednesday announced that it has signed its largest-ever contract with a Total contract value (TCV) of USD 160 million.
The period of contract is defined to be for 10 years with a US-based consumer retail company. Sonata will be managing end-to-end IT modernisation and transformation for this client.
Earlier this week, the company said that its wholly owned subsidiary of Sonata Software Limited (Sonata / Company), had completed the acquisition of Quant Systems Inc. and its subsidiaries.
The company was also recently selected as a top system integration (SI) partner for Bayer’s new cloud solution for the agri-food industry.
At the market close on Wednesday, shares of Sonata were recorded at Rs 797.35 (down 1.02 per cent).