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Praxis and Nucleus Software Announce Strategic Partnership

June 16, 2009 | Press Release
New Delhi, June 16, 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 they have entered into a strategic partnership with Praxis, Mexico. Praxis will be the channel partner for Nucleus across Latin America.

As their new channel partner in Latin America, Praxis will focus on the distribution of Nucleus' software products specialized in the financial sector, a market in which Praxis already has a large presence. With their expertise, experience and wide reach in the market, Praxis will enable Nucleus Software further strengthen and expand product and solutions offerings for customers in the BFSI sector across Latin America.

Commenting on this partnership, Niraj Vedwa President & Head - Global Sales & Marketing said, “Latin American market offers great opportunities for Nucleus’ products and is a key focus area for Nucleus’ growth strategy. The partnership with Praxis promises to be mutually beneficial and we hope to expand our footprint in Mexico and CA by leveraging their distribution network.”

According to Jorge Abud Urbiola, Business Director, PRAXIS, “We are extremely pleased to form this strategic partnership with Nucleus, a well- established and recognized global firm. Our effort to address the needs of the customer has brought us together with Nucleus and we hope this association will help us penetrate the market more effectively, delivering the right solution to our mutual customers.”

About Praxis:
Praxis is a Mexico based organisation founded in 1996. Since then, the company has pursued high level of customer satisfaction in areas of consulting, integration, outsourcing and development services with prime focus on Banking, Finance & Telecom. Our mission is clear, to consolidate the development of the companies through the appropriate usage of information technologies. Praxis applies the best Project Management practices (PMI) and follows guidelines of CMMI for system development, ISO 9001 and ITIL for other services. Praxis offers Intelligent Solutions for Intelligent Business.

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