Capillary Technologies Approves Acquisition of Session For $20 Million

Capillary Technologies, a SaaS firm, has approved an investment through its wholly owned overseas subsidiary to acquire US-based loyalty and engagement platform Session M Inc., according to a regulatory filing on Tuesday.

The company’s board has sanctioned an investment in Capillary Pte. Ltd. to acquire 100% equity in Session M, currently a wholly owned subsidiary of Mastercard Inc. The deal will also include Session M’s Czech subsidiary. The acquisition is structured with a base cash consideration of $20 million and is expected to close within 180 days from signing, subject to customary conditions.

About Session M

Founded in 2011, Session M provides a cloud-based loyalty and customer engagement platform serving global enterprises. The company recorded revenues of $50.5 million in CY2025, down from $54.5 million in CY2024 and $57 million in CY2023, showing a gradual decline over the past three years.

Capillary Technologies’ Financial Performance

On the financial front, Capillary Technologies’ revenue from operations grew 16% year-on-year to ₹184 crore in Q3 FY26. However, net profit declined 20% to ₹8 crore during the same period.

By the end of trading today, the company’s shares stood at ₹512, giving it a total market capitalisation of ₹4,067 crore (approximately $447 million). Capillary Technologies made a subdued debut on the stock market on November 21, 2025. Its shares were listed at ₹560 on the BSE, a 3% discount to the issue price of ₹577, while on the NSE, the stock opened slightly higher at ₹571.9.

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