Sonata Software wins Customer Experience Award in the world wide 2004 Microsoft® Partner Program Awards

Sonata to acquire majority stake in TUI InfoTec, a subsidiary of Europe 's leading tourism group TUI
Sonata to invest Euro 18 million (approx Rs 106 crores) for 50.1% stake
Bangalore, September 27, 2006

Sonata Software Limited (Sonata) announced today it has signed an agreement with TUI AG, Europe's leading tourism and shipping group, to acquire 50.1% stake in TUI InfoTec, an IT Company headquartered in Hanover, Germany for a consideration of Euro 18 million, in an all cash transaction. The balance 49.9% stake in TUI InfoTec would be held by TUI AG. In 2005, TUI InfoTec posted revenues of approx. Euro 130 million. The company has more than 400 IT professionals with deep domain expertise.

This transaction will enable Sonata to achieve its strategic objective of entering new geographies in the European market.

Leveraging on Sonata's offshore capabilities, TUI InfoTec will offer IT Infrastructure Management services and IT software services to the European market and will remain the preferred IT supplier to the TUI group. Sonata Software Limited is the strategic offshore services provider for TUI.

TUI AG, with revenues of around Euro 20 billion (approx Rs 120,000 Crore), is listed on the Frankfurt Stock Exchange and is among the companies that constitute the German blue chip stock market index DAX, along with other companies like Adidas, BASF, Bayer, BMW, Deutsche Bank, Siemens, DaimlerChrysler, and Volkswagen.

TUI InfoTec is the IT service provider for TUI AG and its subsidiaries in Germany, France, Sweden, UK, Spain, and other parts of Europe . It develops, maintains and supports applications and IT infrastructure systems for TUI Group companies. 

TUI InfoTec has outstanding capabilities in Remote Infrastructure Management and domain knowledge in verticals like travel, tourism, airlines and hospitality, as well as expertise in horizontals like Enterprise Applications, Web applications, Business Intelligence, and Legacy Applications Management. Its subsidiaries include Travel BA.sys and ACCON RVS which provide a technology platform and back-office services for travel agencies respectively.

Mr. Heinz Kreuzer, Group CIO of TUI and Managing Director of TUI InfoTec said, "We are delighted to partner with Sonata Software and believe that their delivery capabilities will substantially enhance our offerings and enable us to win new businesses.  We have been impressed by their single-minded focus on customer satisfaction. We share a similar philosophy and I am confident that TUI InfoTec will now see accelerated growth."

Mr. B. Ramaswamy, President & Managing Director, Sonata Software Limited said, "This innovative partnership combines the strengths of the two companies : Sonata's 1700 strong India development facility with a good track record and TUI InfoTec's 400+ onshore German IT professionals with extensive skills in Infrastructure Management and mission-critical software applications. This provides a compelling value proposition for European customers looking for a proven, low risk, cost-effective and high quality outsourcing option."

About Sonata Software :
Sonata Software Limited (Sonata) is a leading IT Consulting and Software Services company, which has been servicing its clients in the US , UK and Europe since 1986. Sonata is listed on the Indian Stock Exchanges, and has a SEI CMM Level 5 accreditation. For more information, please visit www.sonata-software.com .

About TUI :
The TUI Group is the European market leader in tourism and one of the top five players in global container shipping. It is registered in Hanover and Berlin. The tour operators of TUI trade in 17 European countries and in 2005 sold the Group's products to around 21 million customers. TUI encompasses all in all about 3,200 travel agencies, 7 airlines with more than 100 aircraft and 37 incoming agencies. Its hotel portfolio is made up of 279 hotels with approximately 164,000 beds in 30 countries.Through its wholly owned subsidiary Hapag-Lloyd, headquartered in Hamburg, Germany, TUI operates one of the world's leading container shipping companies with more than 140 container ships. Under the brands of Hapag-Lloyd in Germany and Thomson in the UK , TUI also operates a fleet of nine cruise liners. For more information, please visit www.tui-group.com .

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