Sonata Software plans to invest Rs 20 crore for the set up of new facility in Bangalore

Sonata Software plans to set up a fourth facility in the Global Village Special Economic Zone at Bangalore at an investment of Rs 20 crore.

The new facility is envisaged to be expanded in phases, initially from 20,000 sq ft to a fully developed facility of 1,00,000 sq ft and would house additional 800 employees.

The company already has three facilities at Bangalore, with a combined area of 1,24,000 square feet, seating 1200 employees.

In a separate release, the company has informed that a meeting of its board of directors will be held on April 17, 2008 to consider and recommend the final dividend for the financial year 2007-08.

Banglore-based, Sonata Software Limited, together with its subsidiaries, provides information technology (IT) consulting and software services principally in India.

The company reported a 1% decrease in net profit at Rs 9.75 crore for the quarter ended December 2007. Its sales increased by 11% to Rs 50.06 crore.

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