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News >> Technology >>
Nucleus Software to step up R&D operations in India
By siliconindia
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Friday, 10 September 2004, 19:30 IST
MUMBAI: IT company Nucleus Software Exports Ltd said on Wednesday that it will expand research and development activity and add 60 professionals to its R&D unit in Chennai by end of the year.
It would continue to hike the investment in R&D to 10 per cent of revenues from eight per cent by end of year, the company informed the Bombay Stock Exchange on Wednesday.
The company has launched three new solutions for banks - BankONet, Fraud Management System and the latest version of the Loan Origination System (Customer Acquisition System), it said.