India Tech 🇮🇳 AI NewsCapillary Technologies is acquiring SessionM from Mastercard for US0 million in cash to expand its loyalty and engagement suite: The deal will add US5 million in ARR, boosting Capillary's current US2 million, with around 140 employees moving to the Indian company as part of the acquisition. https://economictimes.indiatimes.com/tech/technology/capillary-technologies-to-acquire-mastercards-loyalty-business-for-20-million/articleshow/128756067.cms #India #IndianTech #TechNews #Fintech #Acquisition
Capillary Technologies to acquire Mastercard's loyalty business SessionM for $20 million
Capillary Technologies is acquiring SessionM from Mastercard for $20 million in cash to expand its loyalty and engagement suite. The deal will add $35 million in ARR, boosting Capillary’s current $82 million. SessionM serves more than 40 enterprise customers, including Fortune 500 companies, adding major airlines, airports and QSR chains to Capillary’s portfolio.