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Press Release

Nucleus Software appoints Niraj Vedwa as the Chief Operating Officer

January 7, 2010 | Press Release
New Delhi, January 07, 2010: Nucleus Software (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced the appointment of Niraj Vedwa to the role of chief operating officer, w.e.f. January 1st, 2010. Vedwa, 43, will be responsible for the strategic and operational leadership of Nucleus’ global sales, marketing, deliveries, product development, quality, quality testing, IT in the company. Previously, Vedwa served as the President & Head - Global Sales & Marketing for Nucleus Software where he oversaw global teams to drive sales, marketing, external communication and client relationships. He was also responsible for managing some of the geographical strategic business units such as Japan, Middle East, Africa, CIS, Europe and US.

Vedwa has been very instrumental in creating leadership position for the company. His strategic business acumen has fostered Nucleus’ growth in new territories and establishing Nucleus Software as a leading software product brand across the globe.

On this occasion, Vishnu R. Dusad, MD & CEO, Nucleus Software, said, “The Board was looking for the right candidate to take up this critical leadership role and after a rigorous and intense process, agreed on the internal candidature of Niraj Vedwa. Niraj has played an important role in growing the revenues of the company 30 times ensuring that our values are not compromised one bit, since he joined in 1999. With his keen understanding of the customer requirements and the way to fulfill them meaningfully, we are confident that our value proposition to our customers will continue to improve further.

Niraj Vedwa, COO, Nucleus Software, said, “I am honored to be considered for this role and position of a great institution. Nucleus Software has established itself as a global leader in intellectual property area and has made the country proud. My core vision would be to take the company to be a leading global end to end provider of banking products and solutions.”

Vedwa has over 20 years of rich experience in business development and strategic marketing. In his previous assignments he served as the Head of the Sales and Marketing teams for companies like Network Ltd (HCL group co), TNT Express Worldwide & Modicorp.

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