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Nucleus signs deal with GM's finance arm
NEW DELHI: Banking software product company, Nucleus Software Exports, has entered into a mega deal for licensing its flagship product, FinnOne, to General Motors' finance subsidiary's international operations. "The deal is worth 150 per cent of General Motors Acceptance Corporation's Asia-Pacific IT budget," John Robert Jones, Vice-President of GMAC, said while refusing to disclose the exact size of the deal. GMAC, which was using FinnOne in many of the Asia-Pacific markets, will roll out the product in Europe followed by Latin America and remaining markets of the Asia-Pacific barring Australia and New Zealand. — PTI
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