Mumbai, India – December 16, 2011
India, Mumbai, Dec 16, 2011: Mumbai-based CMS Info Systems has acquired Securitrans India from APS Group in a deal valued between 200-250 crore. CMS Info Systems is an IT and outsourced business services provider with extensive reach across India and its 57 percent share has been acquired by Blackstone.
Securitrans India is a cash-management services company in India. It is a part of the 20-year old APS Group having interest in guarding services, CIT services, distribution and installation of security systems, records management and management support services. The company serves all leading companies in the financial sector. It provides a range of services such as ATM management, cash-in-transit, high-value cargo movement, security couriers, dedicated cash vans, and other services. Its clientele includes Citi, Standard Chartered Bank, American Express, Deutsche, HDFC Bank, Canara Bank, and many others.
Commenting on the acquisition, Rajiv Kaul, Executive Vice Chairman and CEO, CMS Info Systems said, “CMS Securitas is our fastest growing division and we currently own 40% market share. We are investing heavily in this business to further consolidate our leadership position. This acquisition will help us expand our reach to more than 2,100 towns in India and the combined entities will have a 55 per cent share of the market and manage 35,000 ATMs.”
CMS Securitas currently offers ATM Operations and Management, Transaction Processing and Cash Management. The entity is working towards moving up the value chain by providing end-to-end services which will include ATM Installation, Cash Replenishment, First Level Management and Second Level Management under the leadership of the recently appointed Anup Neogi, Sr. VP & COO of the business.
CMS Info Systems was formed with transfer of business from CMS Computers in 2008.The Blackstone group, one of the largest PE firms has invested in CMS Info Systems whose offerings span application services, systems integration, IT infrastructure management including Print serives, IT training businesses. It has market leadership in outsourced cash logistics, transaction printing, card personalization and self service solutions businesses. The company offers a wide bouquet of services across the value chain, focusing on Retail Banks, Insurance, Telecom, Retail, PSU and Government segments and serves over 700 large customers in India. The customer base is supported by 21,000+ CMS team members, spread across 116 locations in India.