Sonata Software arm to acquire balance stake in Rezopia

Sonata Software arm to acquire balance stake in Rezopia

Agency News

Mumbai, Jan 10 : Sonata Software said that its wholly owned subsidiary Sonata Software North America, Inc., has entered into a definitive agreement on January 9, 2019 with each of other shareholders of Rezopia, Inc.,to acquire remaining 40 pc stake in Rezopia, a California corporation.

Consequent to acquisition of the entire share capital, Rezopia, will become a wholly-owned subsidiary of the Company,Sonata Software said in a filing with BSE.

Rezopia is a cloud-based end-to-end travel reservations, contracts, operations and distribution management platform for travel providers.

It is a popular travel platform for travel, rail, tour operators and online travel companies.

Sonata Software North America, wholly owned subsidiary of the Company had acquired 60 pc stake of Rezopia, in year 2014 and the Company had also acquired their Indian entity Xyka Software Private Limited during the acquisition in the year 2014. (UNI)