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Media Coverage of Nucleus - GM deal

February 23, 2005 | Press Release
Nucleus sees GM order impacting sales - 23rd February, sify.com

New Delhi: Nucleus Software Exports Ltd., a mid-sized Indian software services firm, expects its sales and profit to improve on the back of a contract worth over $10 million from General Motors Acceptance Corp., a company official said on Wednesday
"It would have a substantial impact over a 4-year period on sales and profit," Vishnu Dusad, managing director of Nucleus Software, told Reuters.

Nucleus Software bags GM order- 23rd February, Economic Times

NEW DELHI: Nucleus Software Exports Ltd., a mid-sized Indian software services firm, has won a contract from a unit of General Motors, an industry source revealed.

Nucleus receives 4-year contract from GM arm - 24th February, Myiris.com
Source: IRIS NEWS DIGEST

Nucleus Software Exports Ltd has bagged a four-year mega contract from the financial services arm of General Motors to deploy its flagship product FinnOne across 37 countries, reports Business Line.

Under the terms of the contract, Nucleus Software has granted a corporate software licence for FinnOne to General Motors Acceptance Corporation’s international operations for roll-out in Europe, Latin America and Asia Pacific, according to sources.

FinnOne is an integrated applications suite for banks and financial solutions companies and provides a solution for the asset as well as the liability side of business, core financial accounting and customer service’s

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