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Nucleus Software Strengthens Its Footprint In Latin America | Announces strategic channel partnership with Senior Solution in Brazil

November 4, 2009 | Press Release
New Delhi, November 04, 2009: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of integrated software products for banks and financial institutions, today announced the alliance with Senior Solution as their channel partner in Brazil, Latin America. This is the third channel alliance that Nucleus Software has established in the Latin American region.

Through this partnership, Nucleus will be able to leverage Senior Solution’s geographical reach and regional expertise to market and distribute its flagship product FinnOneTM Suite to the financial institutions in the Brazilian market.

Commenting on the partnership, Aurimar Santana Cerqueira, Director of Alliances, Senior Solution said, “Nucleus Software is a well-recognized brand and trusted partner in the global financial IT industry and is a good example of an Asian company that has entered global markets and performed exceedingly well in them. Senior Solution is in a position to add significant benefit to Nucleus Software as one of its channel partners. We look forward to a long and fruitful relationship with Nucleus Software.”

As a channel partner, Senior Solution will offer consultancy services and integration with local regulatory requests and local systems. This partnership reinforces Nucleus’ commitment to international markets and delivers on its growth strategy by extending its sales reach globally.

On this occasion, Niraj Vedwa President & Head - Global Sales & Marketing, Nucleus Software said, “We are pleased to have partnered with Senior Solution. Latin America has always offered great opportunities for Nucleus’ products and has been a key focus for Nucleus’ growth strategy. The partnership with Senior Solution promises to be mutually beneficial and we hope to continue to expand our footprint in Latin America by leveraging their distribution network.”

About Senior
Solution Established in 1996, Senior Solution's mission is to provide a variety of resources in the form of technology products and services to serve the needs of the Brazilian financial industry. Senior Solution is the Brazilian leader in software development and IT services for banks and financial institutions. Senior Solution is also the first company in Brazil to apply the concept of Full Banking System to its applications, thus implementing international standards in Brazil. In addition to its expertise in technology and broad experience in financial products, Senior Solution has the organizational capabilities, governance principles and financial resources to continuously invest in its offerings to the internationally recognized quality of the Brazilian financial market.

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