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Nucleus Software recognized as a 'Global Pursuer' by a leading independent research firm

May 16, 2011 | Press Release
New Delhi, May 16, 2011: Nucleus Software Exports Limited (NSE:NUCLEUS, BSE:531209), a leading global provider of integrated software products for banks and financial institutions, today announced that it has been recognized as  a ‘Global Pursuer’ in a survey of vendors of globally deployed banking platforms by Forrester Research, Inc.    The March 2011 research report by Forrester, ‘Global Banking Platform Deals 2010’, categorizes 5 levels of global success in the vendor pyramid: Base Players, Regional Pursuers, Global Pursuers, Global Challengers and Global Power Sellers.   As per the report, "The vendors in the global categories of the vendor pyramid represents a small group capable of true global reach."  

Nucleus is one of the 4 Indian banking technology companies recognized in the global categories for their noteworthy banking platform deals this year by the research firm. The Forrester report which identifies, globally and regionally, successful vendors surveyed 23 technology vendors of globally deployed banking platforms based on their 2010 deals.   

Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “We are pleased to be named a ‘global pursuer’ by Forrester Research in recognition of our global banking platform deals in 2010. We believe this acknowledgment demonstrates our focus on the capabilities to exceed expectations and establish India's global leadership in the banking and financial space. The demand for our integrated banking and financial services solutions is increasing exponentially and we are glad that our business model enables us to meet the evolving industry requirements generating significant operational efficiencies across geographies.”

Forrester defines a banking platform as a comprehensive, but basically modular, pre integrated set of banking applications that is designed to cover traditional areas of banking such as retail and corporate banking. According to the survey eight of the 17 vendors participating in 2009 as well as 2010 survey increased their market footprint significantly. Nucleus Software emerged as one of five vendors with a growth of more than 50% in the counted new named deals.

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:

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Phone: +91-9560694654