Sonata Software, one of the smaller Indian IT vendors, said it has agreed to acquire the US-based supply chain software and services provider I.B.I.S. Inc.
Financial details were not disclosed.
Founded in 1989, I.B.I.S., Inc. has a strategic partnership with Microsoft for the Dynamics solution and delivers world-class supply chain solutions, including its proprietary Advanced Supply Chain Software solution.
“The acquisition of the United States based IBIS will allow Sonata, a Bangalore, India based company to accelerate its footprint globally,” it said.
Sonata gets a large chunk of its revenues from reselling software in India and is a major reseller of Microsoft software.
The acquired company makes CRM supply chain solutions for distributors, manufacturers, and retailers and serves leading US enterprises, according to Sonata.
“Sonata’s vision is to provide digital transformation solutions to Retail, Consumer Packaged Goods (CPG), and Distribution companies,” the Indian company pointed out.
“Microsoft Dynamics AX and CRM solutions are being increasingly adopted globally by companies to transform their businesses. Sonata’s expertise, intellectual property, scale, and global presence with Microsoft Dynamics AX, especially in the retail industry, along with IBIS expertise, intellectual property, and strong local footprint in the US within the distribution industry space will create a powerhouse that caters to Retail, CPG, and Distribution companies globally who want to deploy Microsoft Dynamics,” it said.
“Sonata has a strong partnership with Microsoft on Dynamics globally,” said Srikar Reddy, MD & CEO of Sonata Software.
“Together with IBIS, we now have a strong management team, world class Advanced Supply Chain Software for distribution companies, a solid referenceable customer base, and a strong and deep partnership with Microsoft in the United States. The marquee customers currently with Sonata and IBIS will both gain from the complementary capabilities we bring to the table.”
Andy Vabulas, founder and CEO, I.B.I.S., Inc. said the deal with Sonata adds significant scale, a wider geographic footprint, and client base for his team.
“We have built IBIS as a company over the past 26 years and believe my team and I have the right partner in Sonata to achieve our vision of a global scale Dynamics organization. Our clients, products, and services will gain from the rich engineering and delivery capability that Sonata has in the Microsoft Dynamics portfolio. I’m sure this acquisition will enhance our product reach as we will be capable of delivering enhanced services while reaching many more clients globally. Our customers will benefit from the depth and breadth of the products and services that a global company like Sonata brings to the table.”
