Sonata Software Acquires Quant Systems Inc.: Amendment Agreement Signed for Deferred Payments and Performance-Based Additional Payments

Sonata Software Ltd. has signed an amendment agreement dated 18 May 2025 to defer certain payments due under the SPA and provide for payment of additional amounts over an extended period of 3 years based on achievement of additional performance targets during such period. The acquisition of Quant Systems Inc., an Enterprise Data Analytics and Cloud modernization service provider, was completed on 16 March 2023. Quant Systems has technical expertise in various domains and deep domain expertise in Banking and Financial Services, Healthcare & Life Sciences, and Consumer/Retail, serving Fortune 500 clients. The acquisition is expected to be closed within 30 days, subject to customary closing conditions. Sonata Software North America Inc., a wholly owned subsidiary of Sonata Software Limited, has acquired 100% shareholding in Quant Systems, Inc.