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Sesame Software gets investment from US-Based Speridian

Press Trust of India  |  Thiruvananthapuram 

Kozhikode-based financial technology solutions provider Sesame Software today said it has received funding from Speridian Technologies, a US based global IT firm, in lieu of majority stake.

The investment will strengthen Sesame's industry leadership while ensuring success for the group, a press release said.

It will further boost Speridian's ambitious growth plans for the coming years, by enabling their foray into additional service verticals.

"This acquisition adds to our capacity and geographic presence and enables us to deliver exceptional service to our customers and prospects," said Vinod VC, Founder and Managing Director, Sesame.

Founded in 1993, Sesame is an ISO certified company with rich experience in the banking vertical, having successfully delivered Core Banking Solutions to hundreds of customers including Co-operative banks with more than 950 branches.

Speridian Technologies is into CRM solutions and IT services with a significant presence in the US, the UAE, Canada and India.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 17 2016. 20:02 IST
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