Stock Report

Capillary Technologies approves acquisition of Session M Inc. from Mastercard

Posted On : 2026-02-25 12:00:16( TIMEZONE : IST )

Capillary Technologies India Limited's Board approved an investment in its wholly-owned subsidiary, Capillary Pte. Ltd., to acquire 100% shareholding in Session M Inc. and its subsidiary Session M Czech Republic s.r.o. from Mastercard Inc., announced on February 24, 2026.

Target Entity Profile

Session M Inc., founded in 2011 and acquired by Mastercard in 2019, operates a leading cloud-based loyalty and engagement platform serving industries like food & beverages, consumer goods/retail, airlines, and oil & gas. Headquartered in the US, it generated CY2025 turnover of USD 50.5 million, down slightly from USD 54.5 million in CY2024 and USD 57.0 million in CY2023. The platform enables brands to deliver digitalized, seamless customer engagement through its product suite.

The acquisition targets Session M's strong North American presence, alongside LATAM and APAC markets.

Strategic Objectives and Synergies

This move supports Capillary's inorganic growth strategy, expanding its loyalty SaaS footprint in North America and LATAM while bolstering APAC operations. The complementary business model and blue-chip clientele promise post-acquisition efficiencies, enhancing Capillary's competitive edge in the loyalty technology space.

Transaction Structure and Timeline

Capillary Pte. Ltd. will execute the 100% cash acquisition for a base consideration of USD 20 million, subject to customary adjustments for net debt, working capital, and other terms in definitive agreements. Completion is targeted within 180 days from signing, pending customary conditions precedent; no governmental or regulatory approvals are required.

Related Party and Independence Confirmation

The transaction is not a related party transaction. No promoters, promoter group, or group companies hold interests in Session M entities.

"M&A has been a key growth strategy for Capillary over the years, and as a public company, we are delivering on that promise to our shareholders and the market," said Aneesh Reddy, founder & CEO of Capillary Technologies. "By bringing SessionM into our portfolio, we are not just expanding our footprint across the globe; we are further strengthening our loyalty capabilities to deliver one of the industry's most comprehensive offerings. Our mission remains to provide enterprises across industries with specialized, AI-native loyalty technology solutions."

Shares of Capillary Technologies India Limited was last trading in BSE at Rs. 511.50 as compared to the previous close of Rs. 525.70. The total number of shares traded during the day was 7196 in over 299 trades.

The stock hit an intraday high of Rs. 519.80 and intraday low of 503.45. The net turnover during the day was Rs. 3667724.00.