CMS Info Systems Limited announced that it has acquired 15,14,299 compulsorily convertible preference shares, representing 53.89% (on a fully-diluted basis) of the share capital of Securens Systems Private Limited (“Securens”) as part of Tranche 1 of the transaction.
According to CMS’s disclosures, the acquisition is part of a binding agreement for up to 100% in Securens, with this first tranche now completed. The enterprise value for the deal is approximately ₹80 crore, valuing Securens at that level under the agreement.
CMS further stated that it is “in the process of acquiring the remaining shares” of Securens in one or more subsequent tranches, which will be separately disclosed as and when they are executed.
Strategic Rationale & Market Context
- Deal valuation and structure: The ₹80 crore deal reflects a valuation multiple in line with CMS’s M&A framework — reportedly around 10× FY-2025 adjusted EBITDA (and an estimated 4× on a post-synergy basis).
- Growth through AIoT / Vision AI expansion: Securens operates in the AIoT remote monitoring space (intelligent surveillance, analytics, compliance solutions). The acquisition is intended to bolster CMS’s “Vision AI” vertical (under its HAWKAI brand), and expand its tech stack and client reach in BFSI, retail, and enterprise security services.