Nucleus looking to expand globally

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.