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Nucleus Software announces new campus in Jaipur

August 28, 2010 | Press Release
New Delhi, August 28, 2010: 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.

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