Nucleus Software Recognised As 'Global Pursuer' By Forrester

Nucleus Software Exports Limited, a provider of integrated software products for banks and financial institutions, has announced that it has been recognised as a ‘Global Pursuer’ in a survey of vendors of globally deployed banking platforms by Forrester Research, Inc. The March 2011 research report by Forrester, ‘Global Banking Platform Deals 2010’, categorises 5 levels of global success in the vendor pyramid: Base Players, Regional Pursuers, Global Pursuers, Global Challengers and Global Power Sellers. As per the report, "The vendors in the global categories of the vendor pyramid represents a small group capable of true global reach."

Nucleus is one of the 4 Indian banking technology companies recognised in the global categories for their noteworthy banking platform deals this year by the research firm. The Forrester report which identifies, globally and regionally, successful vendors surveyed 23 technology vendors of globally deployed banking platforms based on their 2010 deals.

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"We are pleased to be named a ‘global pursuer’ by Forrester Research in recognition of our global banking platform deals in 2010. We believe this acknowledgment demonstrates our focus on the capabilities to exceed expectations and establish India's global leadership in the banking and financial space. The demand for our integrated banking and financial services solutions is increasing exponentially and we are glad that our business model enables us to meet the evolving industry requirements generating significant operational efficiencies across geographies," said Vishnu R. Dusad, CEO & Managing Director, Nucleus Software.

Forrester defines a banking platform as a comprehensive, but basically modular, pre integrated set of banking applications that is designed to cover traditional areas of banking such as retail and corporate banking. According to the survey eight of the 17 vendors participating in 2009 as well as 2010 survey increased their market footprint significantly. Nucleus Software emerged as one of five vendors with a growth of more than 50% in the counted new named deals.