Open Sesami – A New Force in Cash Management Technology

Canadian security services provider GardaWorld, the world’s largest privately owned provider of security, cash and risk management service, has announced the launch of Sesami, a new cash ecosystem performance and technology company that will operate independently of its parent.

Garda has also announced Sesami’s acquisition of Dallas-based Tidel, a leading North American provider of smart safes, cash recyclers and note and coin dispensers, and a definitive agreement for the acquisition of Sweden-based Gunnebo Group’s cash management business, comprising automated cash processing solutions, software, and related services, for a combined consideration of approximately C$900 million.

Tidel and Gunnebo cash management will between them bring a team of over 300 software, cash automation and product specialists and a comprehensive portfolio of cash automation solutions, including smart safes and cash recyclers, all of which optimise the full cash ecosystem of financial institutions and retailers.