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Sonata Software Purchases Stake in Travel SAAS Rezopia [Travel & Leisure Close - Up](Travel & Leisure Close - Up Via Acquire Media NewsEdge) Sonata Software detailed the acquisition of a strategic controlling stake in Rezopia, a cloud-based reservations, contracts, operations and distribution management systems platform for travel providers. According to a release, the acquisition is aimed at enabling both companies to leverage mutual strengths and opportunities in serving IT solution needs in the global travel industry. In a separate transaction, Sonata Software will also acquire the businesses of Xyka India, which is the primary service provider to Rezopia's platform. Sonata Software is focused on solutions for travel, retail and CPG verticals driven through integrating technologies such as omni- channel commerce, mobility, analytics and cloud. Srikar Reddy, MD & CEO of Sonata, said, "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." 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." Sonata Software is an IT services company. More information: sonata-software.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |