CMS Info Systems Acquires FSS's Managed Services Business for ₹115 Crores

CMS Info Systems Limited has announced the acquisition of the ATM Managed Services business of Financial Software and Systems Private Limited for a purchase consideration of up to ₹115 crores. The transaction involves the transfer of operating assets and novation of customer contracts. The acquisition is expected to close in Q1 FY27 and adds ~8,000 units and new private sector banking relationships to CMS's platform. This move aligns with CMS's publicly stated consolidation strategy and expands the depth of its three business services platforms.