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ACOM Cuts Over to New Connectivity System for ATMs/ACMs Using Software Package from Nucleus Software

April 26, 2010 | Press Release
New Delhi, April 26, 2010: Nucleus Software Exports, Limited (CEO: Vishnu R. Dusad; National Stock Exchange: Nucleus; Bombay Stock Exchange Code 531209; “Nucleus”) today announces that ACOM CO., LTD. (President and CEO: Shigeyoshi Kinoshita; Tokyo Stock Exchange Section 1, Code 8572; “ACOM”) has successfully completed implementation of Nucleus’s Credit Card Business Support package solution, and has cut over to the new system as planned. This new network connectivity and management system will make it possible for ACOM to quickly and flexibly maximize the effects of operational cost reductions in the placement of its ATMs and ACMs (automated contract machines), which are key strategic resources for the Company

In moving to this cutting-edge system utilizing a solution developed overseas, ACOM has dramatically enhanced the operational quality of its broad ATM/ACM network, including security and natural disaster backup environments

Nucleus also believes that the experience of working with largely overseas-led project management, in the process overcoming numerous challenges to successfully complete the implementation, will provide immeasurable benefits to ACOM’s own IT management going forward.

At the same time, Nucleus, in working with ACOM, one of Japan’s leading consumer loan companies, on this large-scale project since January of 2007, gained a valuable opportunity for better understanding Japanese workload standards, the market’s high expectations for quality in basic technology, architecture, design, and services, and the need to pay close attention to a client’s corporate environment and business culture. This experience will enable Nucleus to further enhance its competitiveness as it continues to pursue new opportunities worldwide, and thus represents a valuable investment in its business

Nucleus is also proud of the strong relationship it has developed with ACOM, as they have worked together constructively to address the not inconsiderable challenges faced over the three-year span of the project.

Mr. Vishnu R. Dusad, CEO and Managing Director, commented about the success of the effort: “Nucleus continuously works to understand and address its clients’ issues, and to remain sensitive to the needs of those clients. We are extremely happy that, through this implementation of our package solution, ACOM has been able to achieve the benefits it desired, enabling us to contribute to the further growth of ACOM’s business.”

Going forward, Nucleus will provide ACOM with continuing technology support services to ensure the ongoing maintenance of the New Network Connectivity and Management System, and its future development.

ƒ About ACOM CO., LTD.

Company Name ACOM CO., LTD
Head Office Meiji Yasuda Seimei Bldg. 1-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8307, Japan
President & CEO SHIGEYOSHI KINOSHITA
Established April 02, 1936
Incorporated October 23, 1978
Paid-in Capital 63.8 billion yen
Number of Employees 2,768
Stock Listing First Section of Tokyo Stock Exchange
Business Outline Loan Business
Credit Card Business
Loan Guarantee Business

About Nucleus Software

Nucleus Software (BSE & NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:
  • FinnOneTM 10 time winner - World’s Best Selling Lending Solution. 
  • 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.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: http://www.nucleussoftware.com/safe-harbor.

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Email: rashmi.joshi@nucleussoftware.com
Phone: +91-9560694654