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Press Release

Nucleus Software Announces Strategic Partnership with Wipro

May 24, 2011 | Press Release
New Delhi, May 24, 2011‐ Nucleus Software Exports Limited (NSE: NUCLEUS, BSE:  531209), a leading global provider of integrated software products for banks and financial institutions and Wipro technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE WIT), have entered into a strategic agreement to jointly provide product led customized solutions to banking clients. Nucleus's strong lending and cash management product portfolio in conjunction with Wipro's mature system integration, program management and peripheral service offerings will result in a robust proposition to the end customer. 

This partnership will allow financial services clients to leverage the combined technology and enabled global services capabilities. The joint proposition mitigates the risk of implementation and integrating highly scalable products across locations thereby addressing client's objectives.   

Sriram Srinivasan, SVP and Global Head of Banking and Financial Services Business, Wipro Technologies said, “As banks embrace integrated business solutions to address changing customer and regulatory needs, our partnership with Nucleus provides comprehensive, cost effective and scalable solutions across the lending and cash management value chain.

Announcing the partnership, Vishnu R. Dusad, Chief Executive Officer and Managing Director, Nucleus Software, said, “Recognizing that our customers have been increasingly expecting an integrated platform and associated implementation service options, Nucleus has established a strategic partnership with Wipro, an established technology player.   We are sure that our complementary offerings and Wipro’s reputation for trust and excellence will enable us to extend our strong product platform capabilities to encompass seamless integration and value added services across geographies. We look forward to a long term fruitful relationship with them.

About Wipro Technologies:
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com

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