Sonata - Aiming To Reach Half A Billion-$ IT Services Revenue By FY26/27, Acquires Quant Systems: ICICI Direct

ICICI Direct Report

Sonata Software Ltd.’s wholly owned U.S. subsidiary signed a definitive agreement to acquire 100% stake in U.S. based Quant Systems for total consideration of $160 million (4.3 times sales), $65 million to be paid upfront while rest $95 million to be paid in next two years based on certain milestones.

The acquisition is in line with Sonata’a strategy to accelerate IT services growth from hereon as well as strengthening its offering in banking, financial services and insurance and healthcare vertical.

Quant Systems’s revenue grew four times in last two years and growth going forward is also expected to be strong. Ebitda margins for the company are also healthy i.e., upwards of 30%.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.