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Press Release

Nucleus Software Exports Bags Order from Acom

January 19, 2007 | Press Release
Nucleus Software (Q, N,C,F)* Exports bagged a contract from Acom, a leading consumer finance company in Japan, to implement FinnOne and PowerCARD offshore development services to be offered from India.

The scope of the deal covers end-to-end IT transformation of ACOM consumer finance operations across its branches and networks. The contract is expected to consolidate the company`s position as a global player for financial solutions segment. Furthermore, the deal would enhance its reach to other companies using such solutions.

ACOM views the alliance with the company as strategic opportunity to construct new computer system, promote offshore development which helps attain drastic reduction of system development, maintenance & running cost. Introduction of FinnOne will help ACOM in restructuring general ledger, operation and connection system, which supports loan, credit card and guarantee businesses.

The solution essentially ensures easy access and operational convenience, along with instant information availability on credit card transactions. ACOM selected the company`s flagship product `FinnOne` for refurbishing their loans, guarantee, and credit card business. New technology at ACOM is expected to be live by sometime in 2009 followed by supporting the same from India which is separate from this deal and follow when new technology will be live.

Shares of the company were last trading higher Rs 24.10, or 2.96%, at Rs 838. Total volume of shares traded at the BSE was 146,608. ( 2.51 PM, Friday)

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