Multibagger IT-Software Company Wins Multi-Year AI-Powered Managed Services Contract From Fortune 500 Manufacturing Company

The stock is up by 31 per cent from its 52-week low of Rs 469 per share and gave multibagger returns of over 1,200 per cent in 1 decade.

Sonata Software Ltd [NSE: SONATSOFTW, BSE: 532221], a leading Modernization Engineering company, today announced that it has been selected as a strategic managed services partner for a Fortune 500 manufacturer of consumer goods and industrial products. Under the multi-year deal win, Sonata Software will deliver a reliable and scalable operating model that will support the company's global business growth and its ongoing digital transformation journey.

For more than 50 years, the Fortune 500 company has partnered with customers to develop, design, and manufacture innovative packaging products with an eye toward the circular economy. Over the years, the company has expanded through multiple acquisitions, strengthening its market presence. In a first-of-its-kind initiative, the client is partnering with Sonata Software to modernize its operations and deliver a homogenous, unified user experience at scale. Powered by AI, the collaboration will leverage industry best practices to drive operational efficiencies and profitable return on investment.

“With our extensive expertise in Cloud and infrastructure services, Sonata Software is thrilled to provide the client with a customized full-stack ITSM solution,” said Anthony Lange, Chief Revenue Officer at Sonata Software. “Our approach focuses on optimizing resource utilization, adapting to evolving technological landscapes, and achieving operational excellence. By implementing best practices, we are confident of helping the client unlock maximum value from their digital transformation journey.”

About Sonata Software

Sonata, a leading Modernization Engineering company based in Bengaluru, India, leverages its expertise in technology modernization to help clients navigate the complex market landscape. Amidst the conflicting demands of cost reduction and digital transformation, Sonata offers a unique solution by combining its Lightening suite and 16-step Platformation playbook. This approach accelerates time to market and drives hypergrowth for clients across various industries. With a global presence and a strong track record of partnering with leading companies, Sonata's modernization services encompass cloud, data, dynamics, contact centres and emerging technologies like Generative AI, MS Fabric, RPA and other modernization platforms.

On Wednesday, shares of Sonata Software Ltd gained 5 per cent to Rs 613.55 per share from its previous closing of Rs 584.40. The shares of the company saw a spurt in volume by more than 1.01 times on BSE. The stock is up by 31 per cent from its 52-week low of Rs 469 per share and gave multibagger returns of over 1,200 per cent in 1 decade.Investors should keep an eye on this mid-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.