CMS wins contract worth Rs 450 cr, to deploy ATMs

Company has won a contract from SBI to deploy more than 7,850 ATMs across the country

Infotech services firm CMS Info Systems today said it has won a contract worth over Rs 450 crore from State Bank of India to deploy more than 7,850 ATMs across the country.

"CMS has won a contract from SBI to deploy more than 7,850 ATMs across the country. This is the single largest deployment contract awarded by any bank in the country, valued at over Rs 4.5 billion," the company said in a release.

"This will include total implementation services, ATM installation, maintenance and support for a 7 year period," the release added.

CMS said it will be installing ATM's manufactured by Nautilus Hyosung of Korea.

Hyosung is a leading provider of banking automation and self service solutions worldwide.

Commenting on the contract, CMS Info Systems Exec VC and CEO Rajiv Kaul said: "We are honoured to be awarded this project by SBI, in executing what is possibly the single largest ATM deployment in the world."

"We shall leverage our deeply entrenched cash management network of over 2500+ towns and experience in project management, to significantly improve access, uptime, and quality of service for the bank's customers," he added.

ATM's will be deployed across all regions in India with a significant focus on semi urban and rural areas, the release added.