US-based IT company Speridian Technologies has provided funding to Sesame Software, a financial technology solutions provider. The funding would make Speridian Technologies a majority stakeholder in the company.
According to an official statement, the funding will be used for enhancing Sesame Software’s industry presence. The investment amount remains undisclosed.
Kozhikode-based Sesame Software was incepted in 1993 by Vinod VC. According to its website, they are an ISO certified company and have more than 21 years of expertise in banking solutions. With more than 160 customers, the company claims to be the first to successfully provide Core Banking Solutions (CBS) in Urban Bank of Kerala.
Vinod VC, founder and MD, Sesame Solutions said, “This acquisition adds to our capacity and geographic presence and enables us to deliver exceptional service to our customers and prospects.”
Their technology partners include Microsoft Windows, Reliance, BSNL and TATA Teleservices.
Founded in 2003 by Girish Panicker, Speridian Technologies is a global IT solutions provider. They offer Customer Relationship Management (CRM) solutions for sales, service, marketing and business intelligence. The company is headquartered in Albuquerque, New Mexico.