CMS Info Systems Expands ATM Management Footprint with Key Acquisition

CMS Info Systems has fortified its market position by acquiring the managed services business of Financial Software and Systems (FSS) for Rs 115 crore, the company announced on Sunday. This acquisition is poised to enhance CMS' domain in end-to-end ATM management services.

The transaction, slated for completion by Q1 FY27, will add an impressive 8,000 ATMs to CMS' management solutions portfolio, driving the company's total to 39,000. This expansion marks a significant step in strengthening CMS' role as a technology provider and operations partner for banks.

Rajiv Kaul, CMS' Executive Vice Chairman and Chief Executive, emphasized the importance of this acquisition in aligning with the company's strategic expansion plans. He noted the consolidating nature of the managed services industry, underscoring CMS' commitment to deepening client relationships and broadening service offerings substantially.