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Nucleus Software recognized as an industry vertical specialist by a leading independent research firm

October 21, 2009 | Press Release
New Delhi, October 21, 2009: Nucleus Software Exports Limited (NSE:NUCLEUS, BSE:531209), a leading global provider of integrated software products for banks and financial institutions, today announced that Forrester Research, a leading independent analyst firm, has recognized Nucleus Software as an industry vertical specialist in their recent report “Working With Tier Two Offshore Providers”.

Focused on the specialization value that tier two IT solution providers can offer to banking industry, the report offers insight into the incremental value delivered by mid size service providers. The report highlights the unique value proposition of the specialist segment as 'an incremental value-add, a unique specialization that large companies will not normally be in a position to match.'

The Forrester report recognized Nucleus Software under the 'Industry Verticals Specialists' category. “The players in this category build industry-specific knowledge and solutions. They focus their centers of excellence on harnessing business processes and domain capability. Many players in this category also do senior-level recruitment from the industry to emphasize their commitment and to help them to tailor solutions that match buyer requirements,” says the report.

Talking about the Industry vertical specialists Sudin Apte, Senior Analyst, Forrester Research points out in the report, “This specialization is relatively difficult to build compared with technology capability — recruiting domain experts and creating business-side solutions is much tougher than digesting new technology and building scale. Of course, providers also need knowledge of the underlying technology stack and the ability to deliver and integrate that part of work. The best invest heavily in their client-facing roles to stand up to multinational and top offshore competitors. Buyers should consider such leading providers for work involving higher domain capability and in projects that actively involve the business leadership. They are also a good complementary fit when employed alongside large offshore generalists that focus on technology and productivity.”

Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “We are pleased to be yet again recognized by Forrester Research which is the one of the top leading analyst firms. As an IPR led company our continued focus is on providing an excellent service to our clients and innovation in product development and this recognition is a testimony to our technologically advanced and functionally rich solutions.”

About Forrester Research
Forrester Research, Inc. (Nasdaq: FORR) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester works with professionals in 19 key roles at major companies providing proprietary research, consumer insight, consulting, events, and peer-to-peer executive programs. For more than 25 years, Forrester has been making IT, marketing, and technology industry leaders successful every day. For more information, visit www.forrester.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