Capillary Tech buys assets of customer loyalty services firm Kognitiv

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Bengaluru-based Capillary Technologies, which provides customer engagement and loyalty software services, said that it acquired certain assets of Kognitiv, a Canadian company that helps clients manage their customer loyalty programmes.

The terms of the deal were undisclosed.

Kognitiv had last month filed for protection from creditors under the bankruptcy law in the US, after having accumulated liabilities of more than $10 million.

For Warburg Pincus-backed Capillary, which is planning to go public later this year, this is its third acquisition in North…



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Capillary Tech buys assets of customer loyalty services firm Kognitiv


Bengaluru-based Capillary Technologies, which provides customer engagement and loyalty software services, said that it acquired certain assets of Kognitiv, a Canadian company that helps clients manage their customer loyalty programmes.

The terms of the deal were undisclosed.

Kognitiv had last month filed for protection from creditors under the bankruptcy law in the US, after having accumulated liabilities of more than $10 million.

For Warburg Pincus-backed Capillary, which is planning to go public later this year, this is its third acquisition in North…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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