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Press Release

Nucleus Software and Oracle continue to expand global strategic alliance

May 19, 2005 | Press Release
Oracle India and Nucleus Software (NSE: NUCLEUS), a leading global provider of next generation software products for banking and financial sector, today announced an expansion of their global strategic alliance. As per the new announcement, Nucleus has now become Oracle India’s ‘Certified Advantage Partner’. This alliance gives Nucleus an opportunity to be a part of Oracle’s elite group of Independent Software Vendors.

As per the alliance, Oracle will now promote Nucleus to its portfolio of leading Banking and Financial institutes globally. Oracle will also provide market management assistance, intelligence and adequate technical assistance to Nucleus. The alliance will allow Nucleus to continue to focus on driving more business and building competitiveness in the banking software industry.

Nucleus has already announced that it has successfully ported its’ FinnOne Suite on the Oracle 10g platform and upgraded the front end of its applications to Forms 9i. Nucleus has also chosen the Oracle platform for its Internet banking product – BankONet.

“Our relationship with Oracle, which has progressed over the years, is a strategic partnership. I am confident that our new initiative with Oracle will provide us great leverage in winning and serving new customers, across the globe” said Vishnu Dusad, Managing Director, Nucleus Software Exports Limited.

“Nucleus, a leader in the loan management space with a strong presence in South East Asia, has been a long-term partner for us and has handled some of our key FSI customers We have developed substantial solutions for the FSI segment working with partners like Nucleus and we intend to deepen this partnership going forward”, said Suraj Pai, director, Financial Services Industry, Oracle India.

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 $ 500 billion of loans and enabling more than 500,000 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.
  • FinnAxiaTM : An integrated global transaction banking solution used by banks worldwide.
  • PaySeTM : The world’s first online & offline digital payment solution created with an aim to democratize money.
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For Media related information, please contact:

Sunil Kumar Singh / Kiran Hans Khowal

Finese PR

Phone: +91-9818363518 | +91-8375969143