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Home Investment

Investment: Sonata to acquire Quant Systems of Texas

Fiinews by Fiinews
February 24, 2023
in Investment
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Dhir builds fastest-growing next-gen Digital firm

Sonata Software North America Inc., (SSNA), a wholly owned subsidiary of Sonata Software Limited (SSL), has signed a definitive agreement to acquire Quant Systems, a Texas-based IT Solutions and Software company with a team of over 300 engineers in delivery centres across Hyderabad and Costa Rica along with Onshore presence in North America. Quant delivers high-quality client service.

This acquisition is in line with Sonata’s strategy to accelerate the growth curve and build scale, Sonata said in a release on 23 Feb 2023.

It will accelerate Sonata’s capabilities in Enterprise Data Analytics, Cloud modernization, Cyber security, Salesforce, Data Privacy, Adobe, and Digital & Mobile App solutions, including differentiated IPs for Salesforce (workbox.io) and Chatbot (LISA) technologies.

It will expand Sonata’s domain expertise in Banking and Financial Services, Healthcare & Life Sciences, Consumer/Retail and others.

Its strong leadership team has rich experience and a successful track record in client services, and technology innovation in the areas of Digital transformation, Enterprise Data, Salesforce, Data Privacy, Snowflake and Adobe

“We aim to be the fastest-growing next-gen Digital firm delivering Modernization & Digital outcomes for enterprises through our Platformation™ Framework,” said Samir Dhir, MD & CEO, Sonata Software Limited.

“To achieve this vision, we have outlined some key strategic drivers to build scale through service offering expansion in Modernization, invest in BFSI and Healthcare & Life Sciences verticals, and build global centres. Quant Systems aligns to our strategic drivers and will enable us to win larger deals in our focus-verticals and adds two large clients to our top 5 clients list,” Dhir said.

“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,” added Srini Veeravelli, CEO, Quant Systems Inc.

“This will also open up more growth avenues for our people and deepen the bench of valuable skills.”

Founded in 2008, Quant Systems has shown tremendous growth year-on-year. It has Quant boasts of marquee logos in BFSI, Healthcare & Life Sciences and Consumer & Retail. fiinews.com

Tags: Sonata Software
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