CMS Info Systems acquires FSS ATM management business for ₹115 crore - Business Standard
CMS Info Systems→FSS ATM management business
Mar 29, 2026
UK private equity firm ECI Partners has acquired Paragin Group, a Netherlands-headquartered provider of digital exam and assessment software, from Main Capital Partners in a secondary buyout. The deal was announced on 16 February 2026 and is structured as an add-on acquisition, though financial terms and valuation metrics were not disclosed. Paragin is based in Nijkerk and employs around 120 people across more than 20 nationalities, serving approximately 1,250 end customers across 20 countries in Europe and beyond.
Paragin’s Remindo platform supports the full testing cycle, from question development and test construction through administration and analysis. The company targets vocational and higher education institutions, exam boards, educational publishers and commercial education providers, positioning it within the enterprise software segment focused on education technology and assessment workflows. During Main Capital’s ownership, Paragin expanded from a primarily Dutch business into a Benelux leader with a growing international footprint, supported by three add-on acquisitions that broadened its product suite across STEM assessment, training and course management, and student development and internship processes.
ECI Partners said it plans to continue Paragin’s international expansion and build on its fragmented market position in exam and assessment software. Paragin’s combined offerings now include Remindo alongside Sowiso, Coachview, and Xebic, as well as additional solutions referenced as part of its broader platform portfolio. The transaction is expected to close following customary conditions, with no specific closing date disclosed in the announcement.
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