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Sonata Software Ltd. — Capital/Financing Update 2020
Mar 16, 2020
60845_rns_2020-03-16_4aac5acf-a63f-42b4-a3fc-ba4dcf380cf8.pdf
Capital/Financing Update
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16[th] March, 2020
National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P.J. Towers, Dalal Street Mumbai Mumbai Kind Attn: Manager, Listing Department Kind Attn: Manager, Listing Department Email Id: [email protected] Email Id: [email protected] Stock Code - SONATSOFTW Stock Code - 532221
Dear Sirs,
Sub: Press Release
We are forwarding herewith copy of press release dated 16[th] March, 2020, titled – “Everest Group Positions Sonata Software as an Aspirant in its Application Transformation Services PEAK Matrix Assessment 2020.”
Kindly take the same on record.
Thanking you,
Yours faithfully For Sonata Software Limited MANGAL Digitally signed by MANGAL KRISHNARAO KRISHNARAO KULKARNI Date: 2020.03.16 11:40:36 KULKARNI +05'30' Mangal Kulkarni
Company Secretary and Compliance Officer
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Everest Group positions Sonata Software as an Aspirant in its Application Transformation Services PEAK Matrix Assessment 2020.
Bengaluru, March 16[th] , 2020 : Sonata Software has been highlighted and positioned as an Aspirant by Everest Group in its recently released report titled, “ Application Transformation Services PEAK Matrix™ Assessment 2020.” This report analyses the changing dynamics of the application transformation landscape and assesses service providers across several key dimensions.
The Everest Group report has acknowledged Sonata’s platform engineering capabilities in specific industries such as Retail, CPG, Manufacturing, and Travel and acknowledged Sonata for leveraging automation and analytics to build industry-specific modernization solutions.
As a part of this report, Everest Group updated its classification of 24 service providers on the Everest Group PEAK Matrix™ for application transformation services into Leaders, Major Contenders, and Aspirants. The PEAK Matrix is a framework that provides an objective, data-driven, and comparative assessment of application transformation service providers based on their market success and delivery capability.
Read more on Everest Group ‘s PEAK Matrix here.
“Enterprises are looking to transform their application estates as a necessary first step to achieving meaningful digital transformation at scale. To unlock value from these investments, enterprises see this transformation as a journey and not a specific set of initiatives. Sonata Software’s investments in the development of industry-specific solutions in verticals such as manufacturing, retail, and CPG has helped clients accelerate their digital transformation journeys. Its Platformation[TM] strategy has helped its clients derive enhanced value out of their transformation initiatives,” said Nitish Mittal, Vice President, Everest Group .
Srinivas Vuppala, Head of ISV and Cloud, Sonata Software said, “Everest Group has positioned Sonata as an Aspirant on its PEAK Matrix assessment, recognizing our ability to deliver world class services and the impact we have been successfully making in the market through our unique platform engineering capabilities. Our unique approach through proprietary platforms and engineering tools ensures faster modernization for our customers in their ability to fulfil the digital demands of their end customers. “
Learn more about Sonata’s Engineering R&D services here.
About Sonata Software
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For more information, press only:
Nandita Venkatesh
Sonata Software Limited CIN- L72200MH1994PLC082110 A.P.S. Trust Building, Bull Temple Road, N.R. Colony Bengaluru 560004, India Tel: +91 80 67781999 [email protected]
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