Speridian Technologies invests in Kozhikode based Sesame Software

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Trivandrum: Sesame Software, the Kozhikode based provider of Financial Technology solutions, today announced that it has received funding from Speridian Technologies, a US based global IT firm, in lieu of majority stake.

Founded in 1993, Sesame is an ISO certified company with experience in the banking vertical, having successfully delivered Core Banking Solutions (CBS) to hundreds of customers including Co-operative Banks with more than 950 branches. Speridian Technologies is a renowned company in the CRM solutions and IT services space with a significant presence in USA, UAE, Canada & India, including Technopark, Trivandrum.

Empowered by the global presence of Speridian, this investment will strengthen Sesame’s industry leadership while ensuring success for the group in today’s ever-changing IT landscape. It will further boost Speridian’s ambitious growth plans for the coming years, by enabling their foray into additional service verticals.

“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 V C, Founder & MD, Sesame.

“Sesame’s strong thought leadership and product portfolio, deep business knowledge, coupled with Speridian’s ability to deliver large-scale technology implementations, advances our ability to add value and differentiate our brand,” said Matt Conine, Executive Director, Banking Solutions, Speridian Technologies USA. “This investment presents an important strategic opportunity for Speridian to offer technology solutions, consulting services and cost savings for banks and other financial services providers, while maximizing return on investment.”

“Speridian India has been seeing a steady growth in terms of new clients and projects and we have seen a keen interest with regards to domain specific solutions. Sesame’s well established Core Banking Solution will be an asset to our expanding product portfolio. Together, we hope to serve the Banking sector and achieve new heights,” said Satish Ganta, Head of India Operations, Speridian.

“Speridian’s expertise in implementing large scale technology projects for global clients is a great value addition for us to scale our services,” said Vinod P, Director & Head-Banking Services, Sesame Software.

Kerala IT News

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