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…