Nucleus Software Exports Limited (NSE:NUCLEUS, BSE:531209), a leading global provider of integrated software products for banks and financial institutions, today announced that Forrester Research, a leading independent analyst firm, has recognized Nucleus Software as an industry vertical specialist in their recent report “Working With Tier Two Offshore Providers”.
Focused on the specialization value that tier two IT solution providers can offer to banking industry, the report offers insight into the incremental value delivered by mid size service providers. The report highlights the unique value proposition of the specialist segment as 'an incremental value-add, a unique specialization that large companies will not normally be in a position to match.'
The Forrester report recognized Nucleus Software under the 'Industry Verticals Specialists' category. “The players in this category build industry-specific knowledge and solutions. They focus their centers of excellence on harnessing business processes and domain capability. Many players in this category also do senior-level recruitment from the industry to emphasize their commitment and to help them to tailor solutions that match buyer requirements,” says the report.
Talking about the Industry vertical specialists Sudin Apte, Senior Analyst, Forrester Research points out in the report, “This specialization is relatively difficult to build compared with technology capability — recruiting domain experts and creating business-side solutions is much tougher than digesting new technology and building scale. Of course, providers also need knowledge of the underlying technology stack and the ability to deliver and integrate that part of work. The best invest heavily in their client-facing roles to stand up to multinational and top offshore competitors. Buyers should consider such leading providers for work involving higher domain capability and in projects that actively involve the business leadership. They are also a good complementary fit when employed alongside large offshore generalists that focus on technology and productivity.”
Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “We are pleased to be yet again recognized by Forrester Research which is the one of the top leading analyst firms. As an IPR led company our continued focus is on providing excellent services to our clients and innovation in product development and this recognition is a testimony to our technologically advanced and functionally rich solutions.”
About Forrester Research
Forrester Research, Inc. (Nasdaq: FORR) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester works with professionals in 19 key roles at major companies providing proprietary research, consumer insight, consulting, events, and peer-to-peer executive programs. For more than 25 years, Forrester has been making IT, marketing, and technology industry leaders successful every day. For more information, visit www.forrester.com.
About Nucleus Software Exports Limited
Nucleus Software (NSE: NUCLEUS, BSE: 531209) is a leading software powerhouse providing innovative and pioneering software solutions for Banks and Financial organizations globally. Nucleus Software offers a host of competitive IT solutions and consultancy services designed to support the whole spectrum of business offerings spanning Retail and Corporate Banking, Cash Management, Credit Cards, Relationship Banking, Financial CRM, Credit Risk & Appraisal, EAI, Internet Banking, FX, Basel II, Data warehousing and Analytics. With customers across the globe, the company is consistently innovating with cutting edge and industry driven products in the domain. Nucleus Software is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit www.nucleussoftware.com
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, our ability to successfully implement our strategy, our research and development efforts, changes in the value of the Rupee and other currency changes, intense competition in IT and consulting services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Nucleus may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Board of India, Stock Exchange and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.
