Speridian Technologies Backs Kozhikode-based Sesame Software

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18 August 2016, India :

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.

“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.

“We are excited to join the Speridian Group of Companies and believe that we can leverage Speridian’s robust global sales and marketing strategies to boost our rapid growth in the financial services sector. 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 Software.

Founded in 1993, Sesame is an ISO certified company with rich experience in the banking vertical. Sesame has successfully delivered Core Banking Solutions (CBS) to hundreds of customers including Co-operative banks with more than 950 branches. They were the first to implement CBS successfully in an urban bank in Kerala.