IT services firm Sonata Software on Monday said it has acquired a controlling stake in US-based cloud services firm Rezopia for an undisclosed amount.
Headquartered in California, Rezopia Inc provides cloud based end to end reservations, contracts, operations and distribution management systems platform for travel providers.
Sonata said in a statement that it has acquired a "strategic controlling stake in Rezopia Inc. The acquisition is aimed at enabling both companies to leverage mutual strengths and opportunities in serving emerging IT solution needs in the global Travel industry ".
In a separate transaction, Sonata will also acquire the businesses of Xyka India Pvt Ltd, which is the primary service provider to Rezopia's platform, it added.
"Rezopia has pioneered the development of a cloud based SAAS travel IT solutions platform, allowing large and small travel companies to gain flexibility, faster time to market and lower TCO in meeting customer needs with the latest technology innovations," Sonata Software said.
Travel suppliers like railways , airlines and hotels can use the platform both for selling their inventory and extending their core services with value added offerings such as special package holiday offers, it added.
Destination specialists and smaller emerging tour operators can use the platform as a core IT backbone for their operations with benefits of low fixed costs, a dynamic technology roadmap and responsive service, the firm said.
Sonata Software CEO and Managing Director Srikar Reddy 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."
He added that the future of software services lies in blending PAAS models with customised solutions and services over different stages of an enterprise lifecycle and across different business segments within the enterprise.
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