Mumbai, India – June 18, 2012
India, Mumbai, June 18, 2012: CMS Info Systems, a Blackstone portfolio company and a diversified IT and outsourced business services provider announced being awarded an ISO 9001:2008 certificate for its ATM/ Cash management division, CMS Securitas. This makes CMS Info Systems the first Indian ATM/ Cash Management company to be recognized by ISO for successful implementation and quality management systems.
CMS is also the first and only ATM/ Cash management service provider to develop and implement software applications, which help automate the ATM & Currency management operation for banks. Currently the market leader in the ATM/ Cash management space in India with 55 percent combined market share through its recent acquisition of APS Group’s Securitrans, CMS Info Systems manages 35,000 ATMs across the country.
Commenting on this accreditation, Rajiv Kaul, Executive Vice Chairman and CEO, CMS Info Systems said, “This is a proud moment for us as this certification will help enhance confidence among our clients and prospects who prefer working with partners that meet best-practice standards. The number of ATMs had already reached 98,025 by the end of April 2012 and with banks being in favor of White Label ATMs, this market is bound to grow in the coming years.”
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.