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Sun Micro, Nucleus Soft sign OEM pact

October 6, 2004 | Press Release
Sun Microsystems India on Tuesday announced signing of an original equipment manufacturers (OEM) agreement with software products company Nucleus Software Exports Ltd for deploying Sun Java Enterprise System (JES) in existing and future products of Nucleus.

"Nucleus Software is the first ISV partner in India to have chosen JES as the development platform for its Internet banking solution - BankONet. With the usage of JES stack, Nucleus Software expects to decrease 70 man-months of effort and five calendar months in the time to market, for new products," a release issued by Sun Microsystems said.
With this partnership, Nucleus aims to provide its customers enhanced value for the same transaction by offering wider solution footprint and lower `total cost of ownership' besides overcoming the complexities of dealing with multiple vendors.

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