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Press Release

Nucleus Software's Chief Operating Officer Steps Down

April 6, 2011 | Press Release
New Delhi, April 6, 2011: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of software products for banks and financial institutions announced the resignation of Niraj Vedwa as the company’s Chief Operating Officer, subsequent to a new management structure being put in place by the Board of Directors.

Making the announcement, Vishnu R. Dusad, said “The Company acknowledges the contributions made by Mr. Vedwa to Nucleus Software’s growth during his tenure of over a decade with us.”

“At Nucleus Software, we have always emphasized on creating and exploring opportunities for the growth of our customers along with the organization. We will continue to enhance our policy framework and processes to remain a dependable and trusted partner,” he added.

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 $ 500 billion of loans and enabling more than 500,000 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.
  • FinnAxiaTM : An integrated global transaction banking solution used by banks worldwide.
  • PaySeTM : The world’s first online & offline digital payment solution created with an aim to democratize money.
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For Media related information, please contact:

Sunil Kumar Singh / Kiran Hans Khowal

Finese PR

Phone: +91-9818363518 | +91-8375969143