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Nucleus Software amongst the 200 Best Under A Billion Companies in Asia says Forbes

October 27, 2007 | Press Release
New Delhi, October 22, 2007: Nucleus Software (NSE: NUCLEUS, BSE: NSEL) today announced that it has been listed among the 200 Best Under A Billion Companies in Asia by Forbes Asia magazine. Forbes Asia’s annual list draws from over 22,500 publicly listed outfits in Asia and the Pacific with less than $1 Billion in sales. These firms are vetted for consistent growth of both sales and profit for over three years. Nucleus Software is one of the 17 Indian companies to have made it to the list, and amongst the 5 from the Indian IT Sector.

The latest Forbes Asia's 200 Best under a Billion list includes organizations from 14 countries across Asia and the Pacific region. Besides India, the list covers China, Australia, Japan, Singapore, South Korea, Taiwan and New Zealand.

Nucleus Software is a leading CMM Level 5 organization providing innovative and pioneering software products for Banks and Financial institutions globally. With over 150 customers across the globe and a leadership position in lending product market (Its Flagship product FinnOne™ is ‘World's No 1 Highest Selling Lending Software’ IBS Publishing, London) Nucleus Software is consistently providing cutting edge and industry driven products for the banking domain.

“This is a major milestone for us. Today, we stand shoulder to shoulder with the pillars of excellence from Asia, and that in itself is the validation of the success. This recognition has strengthened our vision of setting new standards and reaching new horizons. I am certain that our commitment to excellence and devotion to our customers will help us in achieving the goal” said Vishnu R Dusad, CEO and Managing Director, Nucleus Software.

About Forbes:
Forbes is the publisher of Forbes, the leading business magazine, with a North American circulation of more than 900,000. Forbes, Forbes Asia, and the company's eight local-language editions, together reach a worldwide audience of over five million readers. The company also publishes ForbesLife, the lifestyle bimonthly. Forbes’ other divisions include: Forbes.com; Forbes Conference Group; Forbes Custom Media; and American Heritage website.

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