In order to provide a complete, completely integrated cash software solution, Sesami Cash Management Technologies, a global cash ecosystem integrator, has acquired Planfocus, a provider of AI-based cash optimization software.
“Planfocus’ AI-based technology and strong team, integrated to our enterprise cash ecosystem software platform, will further enable Sesami to deliver the only true end-to-end tech-enabled cash ecosystem solution to financial institutions and consumer businesses,” said Sesami CEO Steph Gonthier in a press release.
According to Sesami’s statement, Planfocus’ software solutions for cash optimization improve availability and service levels, reduce costs associated with maintaining cash, and improve process optimization.
According to Planfocus CEO and co-founder Joachim Walser, “as part of Sesami, we will now be able to properly grow our next generation technology and provide our unparalleled cash optimization solutions to a bigger worldwide customer base.”
Planfocus’ merger will enable Sesami to increase its client base and its cash optimization services for its current customers, which currently number 78,000 bank branches, ATMs, and cash processing facilities.
