Sonata Software Ltd, Quant Systems Inc - M&A Call Transcript

Feb 24, 2023 / 01:30PM GMT
Operator

Ladies and gentlemen, good day, and welcome to Sonata Software Limited Investor Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Samir Dhir, Managing Director and CEO from Sonata Software Limited. Thank you, and over to you, sir.

Samir Dhir - Sonata Software Limited - MD, CEO & Whole Time Director

Thank you so much. My name is Samir. Good morning, and good evening to all of you, and thanks for joining us today. I appreciate your time and support to Sonata.

A very warm welcome to this conference to discuss acquisition of Quant Systems Inc., that we signed on 22 February 2023. We are indeed delighted and excited to announce this acquisition by Sonata Software North America, which is a wholly owned subsidiary of Sonata Software Limited, and we signed a definitive agreement with the shareholders of Quant Systems Inc., a Texas USA-based IT solution and software company, to acquire 100% stake.

This is the biggest ever acquisition of Sonata in the history and it's a

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