May 24, 2011
| Press Release
New Delhi, May 24, 2011
Nucleus Software Announces Strategic Partnership with Wipro
‐ Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions and Wipro technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE WIT), have entered into a strategic agreement to jointly provide product led customized solutions to banking clients. Nucleus's strong lending and cash management product portfolio in conjunction with Wipro's mature system integration, program management and peripheral service offerings will result in a robust proposition to the end customer.
This partnership will allow financial services clients to leverage the combined technology and enabled global services capabilities. The joint proposition mitigates the risk of implementation and integrating highly scalable products across locations thereby addressing client's objectives. Sriram Srinivasan, SVP and Global Head of Banking and Financial Services Business, Wipro Technologies
said, “As banks embrace integrated business solutions to address changing customer and regulatory needs, our partnership with Nucleus provides comprehensive, cost effective and scalable solutions across the lending and cash management value chain.
Announcing the partnership, Vishnu R. Dusad, Chief Executive Officer and Managing Director, Nucleus Software
, said, “Recognizing that our customers have been increasingly expecting an integrated platform and associated implementation service options, Nucleus has established a strategic partnership with Wipro, an established technology player. We are sure that our complementary offerings and Wipro’s reputation for trust and excellence will enable us to extend our strong product platform capabilities to encompass seamless integration and value added services across geographies. We look forward to a long term fruitful relationship with them.About Wipro Technologies:
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com