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Nucleus Software Exports Bags Order from Acom

January 19, 2007 | Press Release
Nucleus Software (Q, N,C,F)* Exports bagged a contract from Acom, a leading consumer finance company in Japan, to implement FinnOne and PowerCARD offshore development services to be offered from India.

The scope of the deal covers end-to-end IT transformation of ACOM consumer finance operations across its branches and networks. The contract is expected to consolidate the company`s position as a global player for financial solutions segment. Furthermore, the deal would enhance its reach to other companies using such solutions.

ACOM views the alliance with the company as strategic opportunity to construct new computer system, promote offshore development which helps attain drastic reduction of system development, maintenance & running cost. Introduction of FinnOne will help ACOM in restructuring general ledger, operation and connection system, which supports loan, credit card and guarantee businesses.

The solution essentially ensures easy access and operational convenience, along with instant information availability on credit card transactions. ACOM selected the company`s flagship product `FinnOne` for refurbishing their loans, guarantee, and credit card business. New technology at ACOM is expected to be live by sometime in 2009 followed by supporting the same from India which is separate from this deal and follow when new technology will be live.

Shares of the company were last trading higher Rs 24.10, or 2.96%, at Rs 838. Total volume of shares traded at the BSE was 146,608. ( 2.51 PM, Friday)

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