Welcome!

News Feed Item

Sonata Software Strengthens Travel Vertical With Acquisition of Stake in Travel SAAS Rezopia

BANGALORE, India, August 25, 2014 /PRNewswire/ --

Sonata Software, a global IT services company with a strong footprint in the travel industry segment today announced acquisition of a strategic controlling stake in Rezopia Inc., the first cloud based end-to-end reservations, contracts, operations and distribution management systems platform for travel providers, headquartered in California, USA. The acquisition is aimed at enabling both companies to leverage mutual strengths and opportunities in serving emerging IT solution needs in the global travel industry. In a separate transaction, Sonata Software will also acquire the businesses of Xyka India Pvt. Ltd. which is the primary service provider to Rezopia's platform.

     (Logo: http://photos.prnewswire.com/prnh/20130610/618887 )

Rezopia has pioneered the development of a cloud based SAAS travel IT solutions platform, allowing large and small travel companies to gain flexibility, faster time to market and lower TCO in meeting customer needs with the latest technology innovations. Travel suppliers like rail, airlines and hotels can use the platform both for selling their inventory and extending their core services with value added offerings such as special package holiday offers. Destination specialists and smaller emerging tour operators can use the platform as a core IT backbone for their operations with benefits of low fixed costs, a dynamic technology roadmap and responsive service. These features have seen Rezopia win recognition in the industry such as the World Travel Awards 2013 and the Travel Weekly Magellan Awards 2013 Gold Award. The acquisition will see Rezopia benefiting from Sonata's ability to support continued investment in its platform development roadmap, the expertise that Sonata has in engineering software products for some of the world's largest ISVs and also the footprint Sonata has with travel customers in multiple geographies globally.

Sonata Software is focused on innovative solutions for travel, retail and CPG verticals driven through integrating technologies such as omni-channel commerce, mobility, analytics and cloud. The company counts in its client roster some of the largest global players in the tour operator, corporate travel, online travel and airline industries. This acquisition will enable Sonata to stay ahead of the curve in offering its customers the flexibility and innovation that a combination of next-gen platform based IT offerings and mainstream IT services can bring, to meet the fast changing needs of their business.

Mr. Srikar Reddy, MD & CEO of Sonata commented, "This is aligned to our strategy of strengthening one of our focus verticals of travel and tourism combined with IP and platform led services. We believe the future of software services lies in blending PAAS models with customized solutions and services over different stages of an enterprise lifecycle and across different business segments within the enterprise. We believe the Rezopia platform combined with the strong management team and travel domain specialist will further strengthen our competitive position in the travel vertical."

Speaking on the occasion of announcement of the agreement, Mr. Rakesh Hegde, Founder of Rezopia, said, "The travel industry is a very dynamic and competitive industry where technology plays a key role in enabling businesses to succeed with customers. This partnership allows Rezopia and Sonata to pool strengths to emerge as technology providers who can help travel enterprises access solutions that blend innovation, agility and scale to meet their business needs."

About Sonata Software

Sonata Software is a global IT services company that focuses on enabling businesses to win value with strategic IT initiatives. Sonata has deep technology expertise gained from multi-faceted relationships spanning Product Engineering, Professional Consulting Services, Early Adopter Programs, Implementation and Alliances status with leaders such as Microsoft, SAP, Oracle, IBM, HP, hybris, TIBCO across Multi-Channel Commerce, ERP, CRM, Supply Chain Management, Analytics & Business Intelligence, Cloud, Social and Mobile technologies, enabling innovation, reliability and faster time to market in implementing the best IT solutions. Sonata leverages this expertise through a service line spanning Consulting, Application Development, Testing, Maintenance and Infrastructure Support, to deliver business critical outcomes across Customer Engagement & Growth, Enterprise Efficiency & Collaboration and strategic IT Cost Management needs for consumer facing enterprises in Travel, Retail and Consumer Goods industries. A unique delivery model built on dedicated customer specific Centers of Excellence, strong Governance and Value Co-creation over decades plus relationships, underline the even deeper commitment Sonata seeks to bring to make a transformational impact on clients' critical business metrics. Sonata seeks to add differentiated value to leaderships who want to drive strategic change with IT for their businesses.


For further information, please contact:
Alia Abreo
Sonata Software Limited
A.P.S. Trust Building,
Bull Temple Road, N.R. Colony
Bangalore 560019, India
Tel: +91-80-6778-1999
[email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...