CMS Info Systems acquires FSS ATM management business for ₹115 crore - Business Standard
CMS Info Systems→FSS ATM management business
Mar 29, 2026
Lockstep Technology Group, a strategic IT services acquirer, announced the acquisition of Ocean Computer Group. The transaction is structured as an add-on deal, with financial terms not disclosed. Ocean Computer Group is based in New Jersey, positioning the combination within the U.S. technology and IT consulting market.
Ocean Computer Group provides IT consulting services, and the acquisition reflects Lockstep’s continued focus on expanding its capabilities and customer reach through targeted platform and add-on investments. For regional clients in New Jersey and surrounding areas, the deal is intended to strengthen access to technology services and delivery capacity as the combined organization scales its consulting and support offerings.
Details on integration plans, advisor involvement, and expected closing timing were not provided in the announcement. The acquisition is currently listed as announced, and the market implication is a further consolidation trend in U.S. IT consulting, where strategic buyers seek to broaden service lines and deepen local presence through smaller acquisitions.
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