Acquisition · Enterprise Software & IT

Capillary buys Session M from Mastercard for $20m

By Startup Enthusiast · 24 February 2026

What they do

Capillary Technologies provides cloud-based customer loyalty and engagement solutions to businesses globally

The company acquired Session M Inc and its Czech subsidiary from Mastercard for a base cash payment of $20 million

This deal expands Capillary's product portfolio as it reports Rs 184 crore revenue in Q3 FY26 with a market cap of Rs 4,067 crore

Capillary Technologies' board approved an investment to acquire Session M Inc.
The transaction includes the acquisition of 100% shareholding of the target company.
Mastercard Inc. is the current owner and seller of Session M.
The base cash consideration for the deal is fixed at $20 Mn.
Session M also has a Czech subsidiary included in this acquisition.
The transaction is expected to complete within 180 days from the signing date.
Regulatory filings disclosed this event on Tuesday, February 24, 2026.
Capillary Technologies operates as a public listed entity on the BSE and NSE.

Mastercard is divesting its ownership stake in Session M through this sale.
Capillary aims to strengthen its position in the customer engagement technology space.
The acquisition aligns with Capillary's strategy to expand its cloud-based service offerings.