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Press Release

Nucleus Software and Sun Microsystems ink Joint Marketing Agreement

May 9, 2005 | Press Release
India’s established banking solution provider joins Sun’s strategic marketing, technology and solution relationship

Sun Microsystems Inc. and Nucleus Software Exports Ltd. today announced an agreement wherein the two companies will combine marketing efforts that encompass future of Banking Software solutions, Sun hardware and the Solaris operating environment. With this Joint Marketing agreement, Nucleus will offer scalability and flexibility in its’ choice of platform to its’ customers and Sun will enable porting and benchmarking exercises of Nucleus’ products on its applications.

The agreement will combine the marketing and technical efforts of both the companies to ensure optimal performance and support for current and future releases of Nucleus’ solutions, running on Sun Enterprise servers and the Solaris operating environment. Both the companies will offer technical training and support toward this new endeavor and take joint marketing and sales initiatives.

“Partnering with industry leaders like Sun to deliver solutions that enhance and contribute to our customers’ business is an integral part of Nucleus’ business strategy,” said Niraj Vedwa , Head – Global Sales & Marketing, Nucleus Software Exports Limited. With this partnership we will achieve faster time to market and lower total cost of ownership.”

Said Mr. M.B. Sam, Head- Strategic Alliances, Sun Microsystems India Private Limited , “Nucleus Software has proven expertise in the financial services industry. With this partnership we aim to reinforce our leadership in this domain. We view this as a great business opportunity for us and look forward to further consolidating our success.”

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