Nucsoft ventures into product development

Stanley Glancy/Mumbai

Aran Shekhar is upbeat on the product initiative and is now gunning for 70 percent y-o-y growth

While most companies in the wake of the slowdown have decided to cut costs, others are looking at products as the way out. Mumbai-based Nucleus Software offshore India (Nucsoft), a company operating in the banking and financial software solutions and services space, has been the latest addition to this list. Says V S Girish, director-marketing, Nucsoft, “There are three categories of software activities services, projects, and products. We believe that products are the highest value added function that you can offer the market.”

As part of this product initiative, the company has developed a product christened Traece, which claims to cut down the number of network violations in large corporates. Says Arun Shekhar Aran, director, Nucsoft, “System administrators have the privilege of monitoring the entire network, but there is no system to monitor their activities. Our solution provides for a maker-checker action. Traece allows a centralised administration to monitor activities on the network throughout the country. This will be handy product for companies who have headquarters in one city where the main server is located and offices throughout the country.”

Another product from the Nucsoft stable, called ‘Web Management Tool’, helps control standards set in an organisations guidelines for setting up a Web page. It provides a structured way to load pages.

Apart from product development, Nucsoft plans to continue doing projects for their existing clientele, which includes banks like Citibank, HDFC and RBI (Reserve Bank of India). However, it plans to shift focus to other verticals as well.

Nucsoft has been seeing a steady growth of 70-80 percent year-on-year for the last couple of years. The slowdown notwithstanding, the company plans to maintain a 70 percent growth year-on-year for the next two years. This, says Shekhar, can be brought about with an increased focus on SMEs and an expansion into Europe and the Middle East. The company is also looking at horizontal growth. “We plan to develop products, which we will be able to deploy across all verticals. Our USP is the speed at which we can adopt to client technology changes,” he adds.