August 28, 2010
| Press Release
New Delhi, August 28, 2010
Nucleus Software announces new campus in Jaipur
: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced the foundation stone laying ceremony at its state of the art Jaipur campus of its wholly owned subsidiary, Nucleus Software Limited.
Nucleus Software Limited had acquired 17.41 acres of land in the IT/ITES SEZ of Mahindra World City, Jaipur and is developing the land as a co developer with requisite Government approvals. The Jaipur campus will be fully equipped with cutting edge computing systems and software platforms, dedicated high-speed data communications network, and backup power sources to provide reliable and costeffective solutions to customers. In the first phase, the company will set up its unit on an area of 2.87 acres of land and will have a seating capacity of 250 personnel with an expected investment of Rs. 5 crore. This first unit of this campus will be operational in the first quarter of calendar year 2011.
The Jaipur campus re-iterates Nucleus’ commitment to continued growth and expansion. This facility will contribute significantly towards accelerating the company’s future growth momentum.
Jaipur, India’s upcoming IT hub is host to prominent multinational companies. The city further boasts of a modern and well established IT/ ITES Infrastructure, availability of IT talent resources and modern infrastructure facilities. As the favored international destination with excellent brand image, Jaipur was a natural choice for Nucleus’ future expansion strategy.
Speaking on the occasion, Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports
Limited said, “It is a special day for Nucleus Software. The new centre is not only a significant milestone for the company, but also a stimulant for the development of the IT ecosystem in the city. We look forward to assisting the government in its ongoing efforts towards the development of the city’s infrastructure and talent pool, to help position Jaipur as the preferred IT destination among the tier II cities.”Mr. Niraj Vedwa, COO, Nucleus Software Exports
Limited said, “Nucleus will continue to invest in its future growth and infrastructure that will help further strengthen its market position as the leader in the BFSI technology space. Our commitment to excellence at the new centre will continue to ensure a strong customer focus, excellence in process, product and people quality and growth of the individual.” Attending the foundation laying ceremony were some of the city’s top government officials and dignitaries from the educational institutions.