SaaS company Capillary Technologies has announced its acquisition of US-based loyalty and engagement platform Session M Inc. The $20 million cash deal is expected to be completed within 180 days from the signing date.
Founded in 2011, Session M offers a cloud-based loyalty and customer engagement platform. Despite a projected slight decrease in turnover from CY2023 to CY2025, the acquisition aligns with Capillary Technologies’ strategy to enhance its customer engagement technology offerings.
Capillary Technologies’ recent financial performance showed a 16% increase in revenue but a 20% decrease in profit in Q3 FY26. The company’s stock had a modest debut on the stock exchange, with prices slightly below the issue price.
This acquisition highlights the trend of tech companies expanding their capabilities through strategic investments in complementary platforms, aiming to strengthen their market presence and provide more comprehensive solutions to clients.
Source: Entrackr : Latest Posts