Article

Sonata Software To Acquire Microsoft Dynamics Partner IBIS Inc.

by Jason Gumpert
Editor, MSDynamicsWorld.com

India-based IT services firm Sonata Software announced it has signed an agreement to acquire US-based IBIS Inc., a Microsoft Dynamics AX and CRM partner with expertise in supply chain management.

Sonata's North American subsidiary will pay $8.6 million in cash and another $5.4 million in earn-outs over two years, according to a regulatory filing with the Bombay Stock Exchange.

IBIS Inc. had recently announced a decision to focus exclusively on its Dynamics CRM and AX businesses, including supply chain solutions for manufacturers, distributors, and consumer packaged goods. The company was named a Global ISV in 2013 and it recently sold its long time GP practice to US-based Microsoft partner Socius to further concentrate its efforts on AX and CRM.

Based in Bangalore, India, Sonata Software is publicly traded and has offices around the world and a twenty year history partnering with Microsoft (as well as other technology providers). The company reported about $73 million in revenue for the most recent quarter with growth of 15% year over year, with EBIDTA growth of 26% year over year. The company is a Master VAR for Dynamics AX, NAV, and CRM in India, but they also deliver a broad range of IT and technology infrastructure services. Their core focus is on the travel, retail, and CPG verticals.

Sonata Software North America Inc. is headquartered in Fremont, California provides development and consulting services to US clients

In a statement, Srikar Reddy, MD & CEO of Sonata Software said:

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About Jason Gumpert

As the editor of MSDynamicsWorld.com, Jason oversees all editorial content on the site and at our events, as well as providing site management and strategy. He can be reached at jgumpert@msdynamicsworld.com.

Prior to co-founding MSDynamicsWorld.com, Jason was a Principal Software Consultant at Parametric Technology Corporation (PTC), where he implemented solutions, trained customers, managed software development, and spent some time in the pre-sales engineering organization. He has also held consulting positions at CSC Consulting and Monitor Group.

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