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Our Bureau

Chennai , Sept. 8

NUCLEUS Software Exports Ltd on Wednesday said that it would up investments in its research and development activities.

This year, it plans to invest 10 per cent (8 per cent) of revenues in R&D. The company closed the last fiscal in March with revenues of about Rs 80 crore.

With close to 800 people now, the company is looking to hire 200 more through this fiscal. For its Chennai centre, the company is looking to add about 40 people to its existing strength of 80.

The company said it got a product order from the US this year. About 40 per cent of its revenues come from Japan.

According to Mr Vishnu R. Dusad, Managing Director, Nucleus, "Our order prospects, that could be termed `warm to hot' are in the region of Rs 130 crore." He added that the company would increase the number of its distributors across the globe to about 25 now.

Nucleus also launched three new banking solutions from its stable: BankONet, Fraud Management System and the next version of the Loan Origination System.

Thirty-five per cent of the company's revenues comes from products and related services. The rest comes from pure services.

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