Sonata Software Tweaks Quant Systems Deal, Links Payouts To Future Targets

Sonata Software on Monday said that it has amended its agreement with Quant Systems Inc. to defer certain payments and include additional payouts linked to new performance targets. The revised terms extend over a three-year period starting 2025.

Back in March 2023, Sonata Software North America, a subsidiary of the company, had completed the acquisition of Quant Systems and its affiliates. The deal, announced in 2022, involved an upfront payment of $65 million and performance-linked earn-outs of up to $95 million.