Garda World Security announced the creation of Sesami Cash Management Technologies, a cash ecosystem performance and technology company. Sesami will operate as an independent entity of GardaWorld and will be led by Stéphane Gonthier, who joined GardaWorld in 2016 as CEO of its cash services business. 

With global capabilities, Sesami is an open, integrated and sophisticated business intelligence platform offering customizable services including software, intelligent devices and managed services for end-to-end cash ecosystems and cash automation operations. 

 “The cash services industry is rapidly evolving and Sesami is poised to revolutionize it with a new, unique and tech-enabled service delivery model which is open integrated, comprehensive and customizable,” Stephan Crétier, founder, chairman, president and CEO ofGardaWorld. “Only Sesami can offer clients a holistic view of the performance and management of the entire cash ecosystems, and this is a game changer for both clients, and the industry.”

GardaWorld announced Sesami’s acquisition of Dallas-based Tidel, a North American provider of cash automation solutions, and the signature of a definitive agreement for the acquisition of Sweden-based Gunnebo Group’s cash management business, comprising automated cash processing solutions, software and related services. Darren Taylor, CEO of Tidel, will lead Sesami’s intelligent devices business and Christian Weisser, president of Gunnebo Cash Management, will lead Sesami’s managed services business.

“Sesami’s open architecture approach will both simplify and optimize the outsourcing of end-to-end cash ecosystem management through a single-partner platform, committed to only bringing in the best-in-breed,” said Stéphane Gonthier, CEO of Sesami. “We are extremely pleased to begin this journey with Tidel and Gunnebo’s cash management business, two industry leaders and trusted partners in the market. Together, they form the foundation of Sesami’s cash optimization platform, which will be powered by the best performing software on the market and able to offer advanced cash management solutions globally.”

Tidel and Gunnebo cash management will give Sesami a team of over 300 software, cash automation and product specialists and a portfolio of cash automation solutions, including smart safes and cash recyclers all of which optimize the full cash ecosystem of financial institutions and consumer businesses.

“Tidel is proud and excited to play a foundational role in the creation of Sesami, which will be uniquely positioned to provide clients with access to a full suite of highly innovative cash ecosystem management services,” said Darren Taylor, CEO of Tidel and global head of Sesami’s intelligent devices business. “As Tidel embarks on this new chapter, we are committed to ensuring continuity for our clients by providing the same level of service and excellence for which we are best known. We will also continue to work closely with our existing cash industry partners, in line with Sesami’s partnership approach to managed services.”

As the cash industry evolves, there is a growing need to integrate and completely digitalize operations. Sesami was created to address this market opportunity and offers an integrated solution to customers for cash ecosystem management.

“We are thrilled to join forces with other best-in-breed cash management providers and to have Gunnebo Cash Management’s suite of highly-powerful technology solutions be at the core of a new player on the scene set to transform the industry,” said Christian Weisser, president of Gunnebo cash management and global head of Sesami’s managed services business. “We look forward to bringing our unique expertise, solutions and global reach to Sesami’s clients while continuing to serve existing clients,” 

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