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Nucleus Software, GMAC ink marketing pact

February 23, 2005 | Press Release
MUMBAI: Nucleus Software Exports Ltd. announced today (Wednesday) that it has entered into a licensing arrangement for its flagship product `FinnOne' with General Motors Acceptance Corporation's international operations.

Under the terms of the contract the company has granted a corporate software licence for `FinnOne' to GMAC's international operations for rollout in Europe, Latin America and Asia Pacific.

Commenting on the contract, Mr. Vishnu R Dusad, Managing Director, Nucleus Software said, `we are extremely happy to announce this landmark deal for our software product, which is the result of hundreds of man years put in by our software engineers.'

"Nucleus Software has focused for years on product development for the BFSI vertical and had earlier implemented the product in the Asia Pacific region for GMAC. The proposed rollout across Europe, Latin America and Asia Pacific regions would encompass m ature markets and further enhance our understanding of the processes and product functionality requirements across the globe," he added

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