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Press Release

Praxis and Nucleus Software Announce Strategic Partnership

June 16, 2009 | Press Release
New Delhi, June 16, 2009: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that they have entered into a strategic partnership with Praxis, Mexico. Praxis will be the channel partner for Nucleus across Latin America.

As their new channel partner in Latin America, Praxis will focus on the distribution of Nucleus' software products specialized in the financial sector, a market in which Praxis already has a large presence. With their expertise, experience and wide reach in the market, Praxis will enable Nucleus Software further strengthen and expand product and solutions offerings for customers in the BFSI sector across Latin America.

Commenting on this partnership, Niraj Vedwa President & Head - Global Sales & Marketing said, “Latin American market offers great opportunities for Nucleus’ products and is a key focus area for Nucleus’ growth strategy. The partnership with Praxis promises to be mutually beneficial and we hope to expand our footprint in Mexico and CA by leveraging their distribution network.”

According to Jorge Abud Urbiola, Business Director, PRAXIS, “We are extremely pleased to form this strategic partnership with Nucleus, a well- established and recognized global firm. Our effort to address the needs of the customer has brought us together with Nucleus and we hope this association will help us penetrate the market more effectively, delivering the right solution to our mutual customers.”

About Praxis:
Praxis is a Mexico based organisation founded in 1996. Since then, the company has pursued high level of customer satisfaction in areas of consulting, integration, outsourcing and development services with prime focus on Banking, Finance & Telecom. Our mission is clear, to consolidate the development of the companies through the appropriate usage of information technologies. Praxis applies the best Project Management practices (PMI) and follows guidelines of CMMI for system development, ISO 9001 and ITIL for other services. Praxis offers Intelligent Solutions for Intelligent Business.

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