Nucleus Software wins contract from ACOM

New Delhi, Jan 21: Nucleus Software Exports Ltd, a software products provider for the banking and financial sector, has bagged a contract from Japan-based consumer finance company ACOM Co Ltd to implement FinnOneTM and PowerCARD and offshore development services to be offered from India.

''This is amongst the largest win by any Indian product software company and Nucleus is honoured to have won it,'' Nucleus Software CEO and Managing Director Vishnu Dusad said.

New technology at ACOM is expected to be live by sometime in 2009 followed by supporting the same from India which is separate from this deal and follow when new technology will be live.

ACOM has selected Nucleus' flagship product FinnOneTM for refurbishing their loans, guarantee, and credit card business.

Introduction of FinnOneTM will help ACOM in restructuring general ledger, operation and connection system, which supports loan, credit card and guarantee businesses. It will also enable improved expandability and flexibility.

Presently, Nucleus with its flagship product FinnOneTM has over 134 clients across the globe in the domestic retail banking and financial space with clients spanning among most leading banks and non banking institutions in India.

UNI