Platformation strategy of Sonata Software sees global upturn

A global IT services & technology solutions company, Sonata Software announced on Monday that its unique trademarked ‘Platformation’ strategy for digital transformation is experiencing a substantial upturn globally among its customers. 

The company is set to hit a 4-year mark in March 2021 since it announced its proprietary approach to digital transformation and named it ‘Platformation’. It has now become a major success as its customers are looking to go digital. The concept gained popularity and became more relevant in the post-pandemic world, paving way for the company’s strong growth. 

The company leverages the power of platforms to aid its clients in creating & implementing platform-based business models. It has also created reference platform business models for various industries it specialises in, namely retail, consumer goods, distribution, manufacturing, agri-business, utility service industry, using the best-in-class platform models. 

Sonata Software Ltd provides IT services & solutions to its customers in the US, Europe, Middle East, the Asia Pacific along with the distribution of software products in India. On the revenue front, the company garners 54 per cent of its revenue from the US, 30 per cent from Europe and 16 per cent from other markets. 

At 12.25 pm today, the company’s stock was trading at Rs 396.20, down by 1.00 per cent against its previous close of Rs 400.20. It recorded an intraday high of Rs 404.40 and an intraday low of Rs 395.70 on BSE.