Market Talk--The promoters are in talks to sell their stake in the firm, at least three people with direct knowledge of the matter said. The Rajan Raheja group and Bhupati Investments Finance, promoters of the firm, have appointed KPMG to manage the process. http://www.dnaindia.com/money/report_oracle-wipro-said-to-be-in-race-for-sonata-stake_1460438
SONATA SOFTWARE Headquartered in Bangalore, India, is a leading IT consulting and services company. Sonata's customers are located across the US, Europe, Middle East and the Asia-Pacific region. Its portfolio of services includes IT Consulting, Product Engineering Services, Travel Solutions, Application Development, Application Management, Managed Testing, Business Intelligence, Infrastructure Management and Packaged Applications. As per the industry rankings released by NASSCOM for 2009-10, Sonata Software figured among the Top 20 IT Software Services Exporters in India for the third consecutive year. Sonata Software has also been ranked Global #2 in the 2008 Top Ten ESO: Outsourced Software Development in The Black Book of Outsourcing.
