Tuesday, August 26, 2014

#Sonata buys US-based SAAS travel IT services firm

Sonata Software through its wholly-owned subsidiary in North America has acquired a controlling stake in California-based Rezopia Inc.. In a separate transaction, Sonata Software has purchased the businesses of a Bangalore-based company Xyka Software Private Limited which is the primary service provider to Rezopia.
Rezopia runs a cloud based SAAS travel IT solutions platform for end-to-end reservations, contracts, operations and distributions management for travel providers.
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 Rezopia platform combined with the strong management team and travel domain specialist will further strengthen our competitive position in the travel vertical.”
"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,” said Rakesh Hegde, Founder of Rezopia.