CMS Info Systems Acquires FSS’s Managed Services Business to Strengthen ATM Management Solutions
Mumbai, March 29, 2026: CMS Info Systems Limited (BSE: 543441 | NSE: CMSINFO), India's leading business services company, announced the acquisition of the ATM Managed Services business of Financial Software and Systems Private Limited ("FSS") for a purchase consideration of up to ₹115 crores. The transaction, expected to close in Q1 FY27, involves the transfer of operating assets and novation of customer contracts.Rajiv Kaul, Exec. VC & CEO, stated the acquisition aligns with the company's strategic goals, noting the industry's consolidation and CMS's position as a preferred partner for banks.
At its Analyst Day in September 2025, CMS had outlined a programmatic approach to mergers and acquisitions, with consolidation in ATM Management Solutions as a key strategy. This acquisition grows the managed services portfolio from approximately 31,000 to 39,000 units.
The CMS ATM Management Solutions business generated approximately ₹1,300 crores in FY25 services revenue, with an 11% CAGR outlook through FY30. The acquisition enhances operational capabilities and creates opportunities to provide services across cash logistics, software solutions, and other offerings to clients of FSS, a payments and banking technology company established in 1991.
CMS Info Systems Limited is a business services company operating across three platforms: ATM Management Solutions, Retail Solutions & Currency Logistics, and Technology & Payment Solutions. The company’s technology capabilities include HAWKAI remote monitoring solutions and ALGO MVS software. Since FY09, CMS has achieved a 16% revenue CAGR and is listed on BSE and NSE since December 2021.
About CMS Info Systems Limited (CMSINFO)
CMS Info Systems Limited (BSE: 543441 | NSE: CMSINFO) is India's leading business services company, building a unified platform across three platforms: ATM Management Solutions, Retail Solutions & Currency Logistics, and Technology & Payment Solutions, that together serve banks, financial institutions, organised retail, and e-commerce companies across India.
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