Sonata Software Limited (BSE:532221) signed a definitive agreement to acquire Scalable Data Systems Pty Ltd for an enterprise value of AUD 5.5 million on December 5, 2018. Enterprise value of upto AUD 5.5 million is subject to adjustment on account of working capital and debt. The consideration will be paid in cash. Scalable Data Systems Pty reported turnover of approximately AUD 5 million in 2017. This acquisition will not require any governmental or regulatory approvals. The transaction is expected to close in one month. Graeme McKellar, Sharon Doyle and Mark Steinhardt of Clairfield Australia acted as financial advisor to Scalable Data Systems Pty Ltd Sonata Software Limited (BSE:532221) completed the acquisition of Scalable Data Systems Pty Ltd for AUD 4.6 million on January 4, 2019. Consideration was paid was AUD 2.63 million in cash and remaining AUD 2 million payment of contingent consideration is dependent upon the achievement of certain financial targets by Scalable Data Systems Pty Ltd.