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Nucleus Software Announces Strategic Partnership with Wipro

May 24, 2011 | Press Release
New Delhi, May 24, 2011‐ 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

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