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Press Release

Nucleus Software recognized as a 'Global Pursuer' by a leading independent research firm

May 16, 2011 | Press Release
New Delhi, May 16, 2011: Nucleus Software Exports Limited (NSE:NUCLEUS, BSE:531209), a leading global provider of integrated software products for banks and financial institutions, today announced that it has been recognized as  a ‘Global Pursuer’ in a survey of vendors of globally deployed banking platforms by Forrester Research, Inc.    The March 2011 research report by Forrester, ‘Global Banking Platform Deals 2010’, categorizes 5 levels of global success in the vendor pyramid: Base Players, Regional Pursuers, Global Pursuers, Global Challengers and Global Power Sellers.   As per the report, "The vendors in the global categories of the vendor pyramid represents a small group capable of true global reach."  

Nucleus is one of the 4 Indian banking technology companies recognized in the global categories for their noteworthy banking platform deals this year by the research firm. The Forrester report which identifies, globally and regionally, successful vendors surveyed 23 technology vendors of globally deployed banking platforms based on their 2010 deals.   

Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “We are pleased to be named a ‘global pursuer’ by Forrester Research in recognition of our global banking platform deals in 2010. We believe this acknowledgment demonstrates our focus on the capabilities to exceed expectations and establish India's global leadership in the banking and financial space. The demand for our integrated banking and financial services solutions is increasing exponentially and we are glad that our business model enables us to meet the evolving industry requirements generating significant operational efficiencies across geographies.”

Forrester defines a banking platform as a comprehensive, but basically modular, pre integrated set of banking applications that is designed to cover traditional areas of banking such as retail and corporate banking. According to the survey eight of the 17 vendors participating in 2009 as well as 2010 survey increased their market footprint significantly. Nucleus Software emerged as one of five vendors with a growth of more than 50% in the counted new named deals.

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