Mumbai: Fortis Financial Services Ltd has announced that it has purchased 76 percent stake in Australia-based Capital Market Solutions (CMS).

Fortis Financial Services has made the recent deal through its special purpose vehicles (SPVs), Regius Infotech Private and Regius Overseas Holding Company, Mauritius. The company created SPVs particularly for this purpose.

Capital Market Solutions (CMS) is a software company that provides solutions and services to stockbrokers, investment banks and investment managers along with market-tailored solutions in Asia Pacific and the United Kingdom (UK). It is incorporated under Australian laws and regulations.

Through this recent acquirement, Fortis Financial Services would be capable of backing up ACERC to swell its product reach to the international market.