Nucleus looking to expand globally

By : |May 26, 2002 0



NEW DELHI: Nucleus Software is about to gain a crucial entry point in the US
financial markets. A huge contract to the tune of several crore is expected from
Japan soon. The company’s Noida center will also be opening shortly.
"However, we have no immediate plans to foray into non-financial software
development," Vishnu Dusad, managing director, Nucleus Software informed in
an exclusive chat with CNS. "Consolidation, market penetration, and
effective risk-management is the current focus," he added. The reason why
Nucleus is spreading out geographically. And the reason why Nucleus is
localizing its content portfolio, hiring local people for its global offices and
developing essentially multi-lingual software.

But what about the domestic market? "The situation at the border is
affecting growth to a considerable extent. Clients would rather not buy their
bread-and-butter software modules from a company that ceases to exist after the
next few months given the politico-economic turmoil of the country. As far as
online transactions are concerned, the IBA, Nasscom and the COAI should have a
tripartite dialogue. Educating the customer should also be high on the
agenda."

"Nasscom is projecting exponential growth rates for the software market.
Yet, the job market is bearish, and some 75,000 fresh IT graduates are coming up
every year. If we ask these graduates to start developing software modules,
instead of waiting for a blue-chip offer, then we can have a flourishing small
scale IT industry", he added.

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