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Press Release

Nucleus Bags Deal from ACOM, Japan

January 19, 2007 | Press Release
Nucleus Software Exports, a software products provider for the banking and financial sector, today signed a contract with ACOM, a consumer finance company in Japan, to implement FinnOne and PowerCARD and offshore development services to India.

While the exact size of the deal was not divulged, the management maintained it was more than their current turnover that stands at $32 million (over Rs 140 crore).

The new systems at ACOM are expected to go live by 2009 followed by support services from India. The new systems will allow ACOM an opportunity to overhaul their traditional IT framework and create an edge in the market.

The scope of the deal covers end-to-end IT transformation of ACOM consumer finance operations across its branches and networks.

"This win is an endorsement of the keen understanding of banking and nonbanking industry that has led Nucleus Software in winning the most coveted deals across the globe. The deal size is more than our current turnover," Vishnu Dusad, CEO and managing director, Nucleus Software, said.

"We are re-modeling our IT processes and applications for delivering quality services and a wide product portfolio to our customers. Nucleus' proven track record in the BFSI sector and deep domain expertise made it a natural partner for this engagement," Junya Fukuda, member of board of ACOM, said.

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