Acquisition History / CMS Info Systems Ltd / Financial Software and Systems Pvt Ltd - ATM Managed Services business
CMS Info Systems Ltd Acquires Financial Software and Systems Pvt Ltd - ATM Managed Services business
Announced March 29, 2026 — $13.0M
What happened
CMS Info Systems agreed to buy the ATM Managed Services business of Financial Software and Systems (FSS) for Rs 115 crore, through a transfer of operating assets and novation of customer contracts. The deal adds about 8,000 ATMs and new private-sector bank relationships, lifting CMS's managed services portfolio from roughly 31,000 to 39,000 units. Closing was expected in Q1 FY27.
- Acquirer
- CMS Info Systems Ltd
- Target
- Financial Software and Systems Pvt Ltd - ATM Managed Services business
- Announced
- March 29, 2026
- Price
- $13.0M
- Industry
- ATM managed services
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did CMS Info Systems Ltd acquire Financial Software and Systems Pvt Ltd - ATM Managed Services business?
CMS Info Systems Ltd acquired Financial Software and Systems Pvt Ltd - ATM Managed Services business on March 29, 2026. This was CMS Info Systems Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did CMS Info Systems Ltd pay for Financial Software and Systems Pvt Ltd - ATM Managed Services business?
CMS Info Systems Ltd paid $13.0M for Financial Software and Systems Pvt Ltd - ATM Managed Services business.
What does Financial Software and Systems Pvt Ltd - ATM Managed Services business do?
CMS Info Systems agreed to buy the ATM Managed Services business of Financial Software and Systems (FSS) for Rs 115 crore, through a transfer of operating assets and novation of customer contracts. The deal adds about 8,000 ATMs and new private-sector bank relationships, lifting CMS's managed services portfolio from roughly 31,000 to 39,000 units. Closing was expected in Q1 FY27.
What other ATM managed services companies has CMS Info Systems Ltd acquired?
Financial Software and Systems Pvt Ltd - ATM Managed Services business is CMS Info Systems Ltd's only publicly tracked acquisition in ATM managed services so far.