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Nucleus Software surges 14% on collaboration with Red Hat

Shares of Nucleus Software Exports climbed 14 percent intraday Tuesday on collaboration with Red Hat, the world's leading provider of open source solutions.

March 03, 2015 / 15:49 IST
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Moneycontrol Bureau

Shares of Nucleus Software Exports climbed 14 percent intraday Tuesday on collaboration with Red Hat, the world's leading provider of open source solutions.

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"The collaboration means Nucleus Software can offer banks and finance companies significant speed and cost benefits through a wider choice of technology platforms on which to run its market leading software," said the company in its filing.

Nucleus Software’s products power the lending and transaction banking operations of more than 150 companies across 50 countries.