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Press Release

Nucleus Software opens regional development centre in Chennai

November 27, 2007 | Press Release
India, Chennai, November 27, 2007 — Nucleus Software (NSE: NUCLEUS, BSE: NSEL), today announced the set up of a new development center in Chennai, India. The centre of excellence, located in Ambattur Industrial Estate, will focus on development and implementation for the client base in South Asia. With a capacity of over 200 seats, the centre is state of an art facility with world-class infrastructure to support growing customer needs. Nucleus Software is looking at widening its global reach and strengthening their position in the region with this move.

Commenting on the occasion, Mr. Vishnu R. Dusad, CEO & Managing Director, Nucleus Software said, “Our selection of Chennai as a location is to re-iterate our commitment for the South India and South Asia markets. With establishment of a information technology infrastructure, state-of-the-art facilities and its high-quality engineering universities, Chennai was the ideal choice.”

“The South Asian region has always been a strategic and promising market for Nucleus. As the demand in the region intensifies, we would be well positioned to provide efficient delivery of the high-quality products and services to our customers, thereby reaffirming our leadership position.” added Mr. Dusad.

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