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Press Release

Media Coverage of Nucleus - GM deal

February 23, 2005 | Press Release
Nucleus sees GM order impacting sales - 23rd February, sify.com

New Delhi: Nucleus Software Exports Ltd., a mid-sized Indian software services firm, expects its sales and profit to improve on the back of a contract worth over $10 million from General Motors Acceptance Corp., a company official said on Wednesday
"It would have a substantial impact over a 4-year period on sales and profit," Vishnu Dusad, managing director of Nucleus Software, told Reuters.

Nucleus Software bags GM order- 23rd February, Economic Times

NEW DELHI: Nucleus Software Exports Ltd., a mid-sized Indian software services firm, has won a contract from a unit of General Motors, an industry source revealed.

Nucleus receives 4-year contract from GM arm - 24th February, Myiris.com
Source: IRIS NEWS DIGEST

Nucleus Software Exports Ltd has bagged a four-year mega contract from the financial services arm of General Motors to deploy its flagship product FinnOne across 37 countries, reports Business Line.

Under the terms of the contract, Nucleus Software has granted a corporate software licence for FinnOne to General Motors Acceptance Corporation’s international operations for roll-out in Europe, Latin America and Asia Pacific, according to sources.

FinnOne is an integrated applications suite for banks and financial solutions companies and provides a solution for the asset as well as the liability side of business, core financial accounting and customer service’s

About Nucleus Software

Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.

Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 200,000 users logging in daily.

Nucleus Software’s flagship products, built on the latest technology are:
  • FinnOne NEOTM : The next-generation digital lending solution that is built on an advanced technology platform, designed to shape the future of lending across Retail, Corporate and Islamic sectors for banks and other financial service companies. The 10 time winner of ‘World’s Best Selling Lending Solution’, helps digitize the complete loan lifecycle.
  • FinnAxiaTM : An integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
  • PaySeTM : The world's first online & offline digital payment solution designed and created with an aim to democratize money by making banking services available to the unbanked in remote geographies.
For more information, please visit : http://www.nucleussoftware.com

For Media related information, please contact:

Sunil Kumar Singh / Kiran Hans Khowal

Finese PR

Email: nucleus@finesepr.com
Phone: +91-9818363518 | +91-8375969143