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Nucleus Software recognized by a leading independent research firm

August 4, 2009 | Press Release
New Delhi, August 4, 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 amongst 17 vendors of globally deployed banking platforms evaluated on their 2008 deals. Nucleus is one of the four Indian banking technologies companies recognized for their global banking platform deals in 2008.

The Forrester report which identifies, globally and regionally, successful vendors surveyed 17 technology vendors of globally deployed banking platforms based on their 2008 deals. Nucleus Software is one of the only four Indian companies to be included in the report. Nucleus Software has been recognized in the report for its 16 banking product deals across geographies.

Jost Hoppermann, Vice President, Forrester Research points out in the report, “This report aims at getting an insight into IT vendor market presence and role as well as that of vendor’s ability to deliver to specific target geographies. Many players did not enjoy growth in 2008 as far as new named deals are concerned. This was quite the opposite with first time survey participants like Nucleus Software, where significant successes were announced in 2008”.

Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “We are pleased to be recognized by Forrester Research which is the one of the top leading analyst firms. This recognition is a testimony to the faith of our customers in our technologically advanced and functionally rich solutions. As an IPR led company our continued focus is on providing excellent services to our clients and innovation in product development. Nucleus' vision is to surpass expectations and establish India's global leadership in IP space for servicing crucial sectors like the banking and financial markets across the globe.”

Forrester Research defines a banking platform as a comprehensive, but basically modular, set of banking applications that is designed to cover traditional areas of banking such as retail and corporate banking. According to the survey many players did not enjoy growth as far as new named deals are concerned. This was quite the opposite with first time survey participants Nucleus Software where significant successes were announced in 2008. As a result Nucleus Software has emerged as one of the few pursuers in the global banking platform deals

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