About Sesame Software Solutions
Sesame Software Solutions is a company based in Kozhikode (India) founded in 1993 was acquired by Speridian in August 2016. The company has 124 employees. Sesame Software Solutions operates in a competitive market with competitors including nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
- Headquarter Kozhikode, India
- Employees 124
- SectorsFinancial Services
- Website sesameindia.com
- Social LinkedIn X Facebook YouTube
- Acquired by Speridian (Aug 2016)
- Legal Name Sesame Software Solutions Private Limited
- Date of Incorporation 18 Oct, 2000
- Jurisdiction Kozhikode, Kerala, India
Associated legal entities of Sesame Software Solutions
Sesame Software Solutions operates through Sesame Software Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sesame Software Solutions Private Limited CIN U72200KL2000PTC014268 | Active | 18 Oct 2000 | Thiruvananthapuram, Kerala | ₹7.6 Cr | 124 | 2 | View details |
Apps and channels of Sesame Software Solutions
its YouTube channel Speridian Technologies has 1.07K subscribers and 30 videos.
Videos from Sesame Software Solutions
The most watched videos on Sesame Software Solutions's YouTube channel, Speridian Technologies (1.07K subscribers). Click a video to play it here.
More on Speridian Technologies.
Investors in Sesame Software Solutions
Sesame Software Solutions has secured backing from 1 investor. Prominent investors backing the company include Speridian.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers comprehensive IT services, including staffing and digital marketing solutions. | 2003 | speridian.com | Albuquerque, United States |
Investor details for Sesame Software Solutions
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Board of directors of Sesame Software Solutions Private Limited (Sesame Software Solutions)
Sesame Software Solutions Private Limited is the primary company behind Sesame Software Solutions. The board of Sesame Software Solutions Private Limited currently have 2 directors; the longest-serving is Sasibhushanan Nair Hrishikesh, appointed in 2024. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sasibhushanan Nair Hrishikesh DIN 03031349 | Director | 01 Apr 2024 | 2 yrs 6 mo | Sesame Software Solutions Private Limited |
| Chandra Shekhar Vempati DIN 07790264 | Director | 01 Apr 2024 | 2 yrs 6 mo | Sesame Software Solutions Private Limited |
Financials of Sesame Software Solutions
Figures of Sesame Software Solutions Private Limited, the primary company behind Sesame Software Solutions, for FY 2022. Revenue was ₹7.57 Cr (-9% year on year). Net profit was ₹4.2 Lakh (1% margin). EBITDA was ₹28.1 Lakh (4% margin). Revenue has grown at a compounded annual rate of +13% over three years and +10% over five years.
- ₹7.57 CrRevenue · FY 2022 · -9% YoY
- ₹4.2 LakhNet profit · 1% margin
- ₹28.1 LakhEBITDA · 4% margin
- ₹13.5 LakhPaid-up capital
- 124Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sesame Software Solutions Private Limited are on its company page.
Detailed financial statements for Sesame Software Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Sesame Software Solutions
2 dated milestones of Sesame Software Solutions across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Sesame Software Solutions is founded.
- Exit Acquired by Speridian.
Competitors of Sesame Software Solutions
Sesame Software Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ncino.com | 2011 | Wilmington, United States | $221.56M | 1,833 | Cloud-based API platform for banking operations is provided. | |
| iongroup.com | 1998 | New York, United States | $400M | 988 | Treasury management solutions are provided for financial institutions and banks. | |
| tuum.com | 2019 | Tallinn, Estonia | $49.76M | 82 | Cloud-native API-first core banking platform is provided for banks. | |
| thoughtmachine.net | 2014 | London, United Kingdom | $705.69M | – | Cloud-based platform for core banking is developed via APIs. | |
| backbase.com | 2003 | Amsterdam, Netherlands | $128.51M | 2,000 | AI-powered banking platforms are provided for operational growth. | |
| nymbus.com | 2015 | Miami, United States | $195.42M | 221 | Cloud-based core banking solutions are offered to financial institutions. | |
| ohpen.com | 2008 | Amsterdam, Netherlands | $48.16M | – | Developer of cloud-based core banking platform for retail mutual funds and savings accounts | |
| finxact.com | 2016 | Jacksonville, United States | $74.84M | 133 | Cloud-based core banking software is delivered via open APIs. |
Detailed competitors of Sesame Software Solutions
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Web traffic of Sesame Software Solutions
The website of Sesame Software Solutions (sesameindia.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 175.7% vs previous month
Latest news on Sesame Software Solutions
Complete news archive for Sesame Software Solutions
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Similar companies to Sesame Software Solutions
10 companies that operate in the same segment as Sesame Software Solutions (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Sesame Software Solutions
Sesame Software Solutions was founded in 1993.
Sesame Software Solutions is headquartered in Kozhikode, India. It is registered at Kozhikode, Kerala, India.
Sesame Software Solutions has 124 employees.
The primary company behind Sesame Software Solutions, Sesame Software Solutions Private Limited, reported revenue of ₹7.57 Cr for FY 2022, down 9% year on year.
Sesame delivers core banking software solutions. Some of the solutions offered by Sesame Software are BeaconPro which is a full-fledged core banking application, BeaconOrbit is a business correspondence solution acting as bridge between the banking service and the common man, BeaconAce a business intelligence (BI), analytics and reporting solution made for banks, MyBank is a mobile passbook app, BeaconTBA is a banking automation solution. Clients include ITCBank, Calicut Urban Co-operative Bank, MALAPPURAM SERVICE CO-OPERATIVE BANK, etc. In August 2016, received funding from Speridian Technologies, a US based IT company, which made Speridian the majority shareholder in the company.
Sesame Software Solutions's top competitors include nCino, Thought Machine and Tuum.
Sesame Software Solutions has 1 investor. Key investors include Speridian.
Sesame Software Solutions operates through Sesame Software Solutions Private Limited.
Yes. Sesame Software Solutions was acquired by Speridian in August 2016.
The legal entities of Sesame Software Solutions currently have 2 directors, including Sasibhushanan Nair Hrishikesh, Chandra Shekhar Vempati.