Sonata Software buys US-based supply-chain software maker IBIS Inc

ibis-incSonata 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.”



Idea Cellular – Vodafone merger announcement soon? Idea Spectrum HoldingIdea Cellular has put off the trimonthly meeting of its board of directors scheduled to take place tomorrow, raising speculation that it may soon announce a merger or deal with Vodafone India.The meeting was supposed to take on-board results  of the telecom operators' working the three months from October to December.After t...
Tata Steel acquires Brahmani River Pellets at Rs 900 cr EV Tata Steel Limited said that it has executed definitive agreements to acquire 100% equity shares of Brahmani River Pellets Limited (BRPL) from Aryan Mining and Trading Corpn Private Limited (AMTC) and other companies in the Moorgate Industries Group (MIG).The transaction is based on an enterprise value of Rs. 900 crores plus closing adjustments and ...
Reliance Communications sells its towers to Brookfield for $1.6 bln Reliance Communications Ltd announced the signing of binding agreements with Brookfield Infrastructure for the sale of nationwide tower assets to Brookfield Infrastructure Partners LP and its institutional partners.RCOM will receive an upfront cash payment of Rs. 11,000 crore (US$ 1.6 billion).RCOM will also receive Class B non-voting shares in t...
Cipla redraws Iran plans with new agreement, to invest Rs 121 cr Cipla said its wholly owned subsidiary of the Company in Netherlands will set up a 75% joint venture with Ahran Tejarat Company for manufacturing and marketing of pharmaceutical products in Iran.An earlier agreement executed by the Company with the Iranian firm has been terminated.The total investment will be euro 16.875 million, which comes to about...
Anil Ambani’s Reliance Infra sells transmission assets to Adani Following on the heels of its announcement to sell its transmission assets to Adani Group, Reliance Infrastructure today said it has signed a share purchase agreement with Adani Transmission for the sale of 100% of its Western Region System Strengthening Scheme Transmission Assets."SPA for Parbati Koldam Transmission Company Limited (PKTCL) shall be exe...
Anil Ambani Group sells 2 TV channels, 59 FM stations to Zee Subash Chandra's Zee Group is buying the general entertainment channels and FM radio business of the Anil Ambani group.Because of lock-in provisions, the acquisition of 59 FM radio licenses will be done in two stages.The FM channels are being broadcast under the brand “92.7 BIG FM”, reaching to 45 cities, 1200 towns and over 200 million people.It...
Anil Ambani group sells Big Magic, Ganga to Zee Entertainment Zee Entertainment Enterprises said it is acquiring the General Entertainment Broadcasting Business of Reliance Big Broadcasting Private Limited, Big Magic Limited & Azalia Broadcast Private Limited, all part of Anil Ambani led Reliance Group.The TV Broadcasting business of Reliance Group Entities currently comprises two operational general entertainm...
Bharti Airtel merges Bangladesh unit with Robi Axiata Bharti Airtel Limited announced the completion of the merger of its subsidiary Airtel Bangladesh with Robi Axiata Limited (Robi Axiata), a unit of Axiata Group Berhad. The merger was completed following the fulfilment of the condition precedents to the Agreement and filing of the merger order with the Registrar of Joint Stock Companies and Firms of Bangl...
Future Retail to pay Rs 273 cr in stock for Heritage Foods’ retail biz Heritage Foods Ltd said it agreed to sell its food retail business to Future Retail Ltd in return for shares in the Kishore Biyani firm.The businesses covered by the deal are grocery and food retail, agricultural sourcing, processing and marketing, and bakery.As part of the deal, Future Retail will issue about 1.80 cr shares to the shareholders of He...
Reliance Communications to sell towers to Brookfied Anil Ambani-promoted Reliance Communications has agreed to sell its tower assets to Brookfield Asset Management. RCOM will receive an upfront cash payment of Rs. 11,000 crore from the proposed transaction.It has signed a non-binding Term Sheet with Brookfield Infrastructure Group in relation to RCOM’s nationwide tower assets and related infrastructure. ...
RCom gets Bombay High Court approval for MTS merger Reliance Communications said its merger with Sistema Shyam Teleservices has been approved by the Bombay High Court.The Anil Ambani company is merging with SSTL, which operates telecom services under the MTS brand in India.After the merger, RCom shareholders will hold 90% of the resulting entity, with the remaining held by MTS.After this merger, t...
Cognizant to help transform Future Group’s consumer business Cognizant said that it has entered into a partnership with Future Group, an Indian multi-brand retailer, to transform its consumer goods business, Future Consumer Limited (FCL), into a connected enterprise.“In an era where data, insights and supply chain intelligence are crucial ingredients for turning success into market leadership, Cognizant’s technolo...
Reliance Infra sells 100% stake in transmission business to Adani Group Reliance Infrastructure Limited today said it agreed to sell all itstransmission assets to Adani Transmission Limited, the largest private power transmission company operating in India.This acquisition is expected to be completed in current financial year.The entire sale proceeds shall be utilized for debt reduction, said the company.The transact...
Government approves ONGC Videsh acquisition of Russian oil field Government of India said it has given its approval to an acquisition by ONGC Videsh Limited for 11% stake in JSC Vankorneft from Rosneft Oil Company, the National Oil Company of Russian Federation.Rosneft operates Vankor fields with Vankorneft being its wholly owned subsidiary.OVL will be paying an amount of US $ 930 million for acquiring 11% stake i...
Anil Ambani’s Reliance Infra to make Rafale jet parts in India under JV with Dassault Aviation Reliance Anil Ambani group said itś unit Reliance Aerospace entered into a joint venture with Dassault Aviation, a French aircraft manufacture.The partnership between Reliance and Dassault will also focus on promoting Research and development projects under the IDDM program (Indigenously Designed, Developed and Manufactured), a new initiative of Indi...