Retail10X Secures Strategic Investment from Sonata Software

By siliconindia   |   Wednesday, March 27, 2019
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Sonata Software, a global technology company that enables successful platform based digital transformation initiatives for enterprises has made a strategic investment in Retail10x, a Retail AI software-as-service platform company. The platform leverages advanced AI and ML capabilities to deliver actionable field-level recommendations.

Speaking about the investment, Srikar Reddy, MD & CEO, Sonata Software, says, “Our strategic business partnership with Retail10x brings great value to the customers in our focused vertical of retail, distribution and CPG by providing them with a platform that leverages the latest in AI, ML and deep learning technologies in accelerating their digital transformation journey. This partnership would further strengthen our singular focus of becoming Digital transformation Partner of choice in these verticals”.

Sonata software has always been a digital transformation partner of choice for customers in Retail, Distribution, Manufacturing, and Travel industries with their unique Platformation methodology. Sonata’s investment is an extension of its endeavour of digital transformation for the retail, distribution and CPG companies by providing them a real-time integrated data rich platform.

Prasad K R, Founder& CEO, R10x, comments, “Sonata’s world-class expertise in digital retail and distribution supply chains will give R10x market leading capabilities in bringing a powerful Retail AI platform to retailers. Distributors and CPG’s. We are excited to build this partnership as Sonata’s worldwide footprint will help accelerate our growth in US and help R10x enter new markets helping customers realize their Digital transformation goals”.

Founded in 1986, Sonata brings together industry expertise, platform technology excellence, design thinking led innovation and strategic engagement models to deliver sustained long term value to customers. Headquartered at Bengaluru, Sonata Software is a trusted service provider to Fortune 100 companies across the globe in the software product development and enterprise business segments.

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