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    CAPILLARY TECHNOLOGIES IPO

    STT Global’s India biz on the block; micro occasions power qcomm

    KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.

    SaaS firm Capillary Tech posts strong Q4 on enterprise wins, Kognitiv integration

    Capillary Technologies saw a strong financial performance with a 26% rise in operating revenue for the March quarter. The company's profit after tax surged by 233%. This growth was fueled by expanding its customer base, securing new contracts, and integrating its recent Kognitiv acquisition. Capillary also highlighted its strategic partnership with a US retailer and its expanding global reach.

    Rising AI pressure, weak Q3 performance weigh on Capillary shares

    Capillary Technologies India's stock has fallen 35% from its peak due to AI threats and a muted December quarter. The company, which offers a SaaS platform for customer engagement, faces potential revenue and profit contraction. Despite management's optimism about AI's role in analytics and campaign management, investors are concerned about its impact on the business model.

    Capillary Technologies to acquire Mastercard's SessionM for $20 million

    Capillary Technologies is acquiring SessionM from Mastercard for $20 million in cash to expand its loyalty and engagement suite. The deal will add $35 million in ARR, boosting Capillary’s current $82 million. SessionM serves more than 40 enterprise customers, including Fortune 500 companies, adding major airlines, airports and QSR chains to Capillary’s portfolio.

    Capillary Technologies’ Q3 profit down 23% to Rs 8 crore; revenue up 16%

    The company said its revenue growth was mainly supported by expansion within its existing customer base, onboarding of new enterprise clients, and revenue from Kognitiv, the martech firm it acquired last year. Capillary now works with over 115 enterprise customers spread across 47 countries.

    Capillary Technologies shares rocket up to 13% after tepid debut. Should you buy, sell or hold the stock?

    Capillary Technologies rebounded sharply after a weak stock market debut, with shares jumping up to 13% intraday despite listing at a discount to the IPO price. Strong buying interest offset initial caution and a missed grey market premium. Market experts advise IPO allottees to hold the stock for the medium to long term, with a strict stop-loss at around Rs 520.

    The Economic Times
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