Applied Systems Collaborates with Sonata Software for Platform Engineering and Enterprise Modernization

Sonata Software [NSE: SONATSOFTW, BSE: 532221], a leading Modernization Engineering company, has announced that Applied Systems(Applied), a premier cloudbased software provider in the insurance sector, has selected Sonata Software to support its strategic technology projects. This partnership aims to accelerate Applied's platform engineering initiatives and enterprise modernization efforts on Applied's integrations with Microsoft Office365, supporting their industry leading position and focus on innovation.

Applied Systems is the foremost worldwide provider of cloud-based software that runs the business of insurance. Known as a trailblazer in insurance automation and a leader in innovation, Applied's products enable millions of people around the world to safeguard and protect what matters most.

As part of the collaboration, Sonata Software will help Applied Systems in accelerating connectivity and integrations of extended applications. Leveraging its deep domain expertise, industry-specific frameworks, and robust cloud modernization capabilities, Sonata Software will act as an extension of Applied Systems to augment their latest technology initiatives at scale.

"At Applied Systems we are committed to delivering practical innovative and automation solutions to the insurance ecosystem," said Rich Belanger, Chief Technology Officer at Applied Systems. "Our relationship with Sonata Software will enhance our ability to create value across the digital lifecycle of insurance smoothly, covering core automation and connectivity," he added.

"The insurance industry is revolutionizing to meet the growing demand for personalized services and superior efficiency," said Anthony Lange, Chief Revenue Officer at Sonata Software. "Our collaboration with Applied Systems merges their digital roundtrip prowess in insurance with Sonata Software's agile delivery model, breakthrough technologies and unique factory model, propelling Applied's platform engineering and enterprise modernization initiatives to new heights."

Shares of Sonata Software Limited was last trading in BSE at Rs. 729.70 as compared to the previous close of Rs. 737.45. The total number of shares traded during the day was 21294 in over 1518 trades.

The stock hit an intraday high of Rs. 753.30 and intraday low of 726.00. The net turnover during the day was Rs. 15678842.00.

Source : Equity Bulls

Keywords

SonataSoftware INE269A01021 Collaboration AppliedSystems