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Nucleus Software opens regional development centre in Chennai

November 27, 2007 | Press Release
India, Chennai, November 27, 2007 — Nucleus Software (NSE: NUCLEUS, BSE: NSEL), today announced the set up of a new development center in Chennai, India. The centre of excellence, located in Ambattur Industrial Estate, will focus on development and implementation for the client base in South Asia. With a capacity of over 200 seats, the centre is state of an art facility with world-class infrastructure to support growing customer needs. Nucleus Software is looking at widening its global reach and strengthening their position in the region with this move.

Commenting on the occasion, Mr. Vishnu R. Dusad, CEO & Managing Director, Nucleus Software said, “Our selection of Chennai as a location is to re-iterate our commitment for the South India and South Asia markets. With establishment of a information technology infrastructure, state-of-the-art facilities and its high-quality engineering universities, Chennai was the ideal choice.”

“The South Asian region has always been a strategic and promising market for Nucleus. As the demand in the region intensifies, we would be well positioned to provide efficient delivery of the high-quality products and services to our customers, thereby reaffirming our leadership position.” added Mr. Dusad.

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