Bangalore-based Sonata Software has acquired a controlling stake in California-based Rezopia for an undisclosed sum. This will help the company build Intellectual Property (IP) and get access to clients globally.
Mid-size companies are pushing hard to differentiate, gain access to IP and customers at a time when larger peers such as TCS and Cognizant are increasingly competing on IP and platform-led growth, which tend to come at higher margins, when compared to conventional IT services, which have gotten commoditised, according to Sanchit Vir Gogia, analyst with Greyhound Research.
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