Indian firm snaps up Brisbane-based Microsoft ISV for $5.5M

Indian firm snaps up Brisbane-based Microsoft ISV for $5.5M

Acquisition driven by Commodity CTRM offering

Srikar Reddy (Sonata Software) speaking with CIO India

Srikar Reddy (Sonata Software) speaking with CIO India

Credit: IDG

India-based Sonata Software has acquired Scalable Data Systems for $5.5 million, a specialist Microsoft Dynamics 365 partner headquartered in Brisbane.

With a deep Microsoft background, Sonata provides services across business intelligence, analytics and application development, in addition to cloud, mobility and social media solutions.

The acquisition aims to leverage the capabilities of Scalable Data Systems as a leading Microsoft independent software provider (ISV), specifically around finance and operations within the Dynamics 365 suite.

“Scalable Data Systems brings great value in terms of Microsoft Dynamics 365 capabilities and resources to Sonata,” said Srikar Reddy, managing director and CEO of Sonata.

Reddy said the acquisition was driven by the ISV’s Commodity CTRM offering, which is an advanced commodity trade resource management system integrated with Microsoft Dynamics enterprise resource planning (ERP).

“This will provide Sonata with additional IP, and geographical reach,” Reddy added.

”Along with a strong fillip to its strategy to be a global leader in the Microsoft Dynamics 365 partner ecosystem with core IPs across wide range of industries and a global footprint, specifically also making us a strong Dynamics partner in the Australian market.”

According to a regulatory filing, Sonata acquired a 100 per cent stake in the business for a value of up to $5.5 million.

Founded in 1985, Scalable Data Systems has deep expertise across manufacturing and wholesale, distribution and industrial engineering.

As members of Microsoft’s Early Adopter Program, the Gold and ISV partner has specialised in the ERP software since 1999.

“Sonata is an acknowledged leader in the Microsoft Dynamics space and has a great track record of acquiring and nurturing firms for fuelling further growth,” added Brett Crew, CEO of Scalable Data Systems.

“With this transaction, Scalable will get an additional capability in the Microsoft tech stack and be able to now address larger and broader opportunities in the market.”

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Tags MicrosoftisvSonata SoftwareDynamics 365Scalable Data Systems

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