Listed SaaS company Capillary Technologies has announced its acquisition of Mastercard’s customer loyalty and rewards business, SessionM, in a $20 million all-cash deal. This acquisition marks Capillary’s fifth since 2021, showcasing the company’s strategic focus on expansion and strengthening its presence in North and Latin American markets.
Capillary’s CEO stated that the acquisition will enhance the company’s loyalty capabilities and position it as a global leader in AI-native loyalty technology solutions. By integrating SessionM’s expertise and clientele, Capillary aims to provide a comprehensive offering to enterprises across various industries.
With plans to finalize the deal within six months, Capillary’s acquisition strategy highlights its commitment to growth and innovation in the loyalty space. This acquisition not only expands Capillary’s global footprint but also signifies a significant step towards consolidating its position in the tech industry.
Source: Inc42 Media