Praxis and Nucleus Software Announce Strategic Partnership

New Delhi - 16 June 2009

Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that they have entered into a strategic partnership with Praxis, Mexico. Praxis will be Nucleus' channel partner for the Mexican market. As their new channel partner, Praxis will focus on the distribution of Nucleus' software products specialized in the financial sector, a market in which Praxis already has a large presence. With their expertise, experience and wide reach in the market, Praxis will enable Nucleus Software further strengthen and expand product and solutions offerings for customers in the Mexican market.

Commenting on this partnership, Niraj Vedwa President & Head - Global Sales & Marketing said, “Latin American market offers great opportunities for Nucleus’ products and is a key focus area for Nucleus’ growth strategy. The partnership with Praxis promises to be mutually beneficial and we hope to expand our footprint in Mexico and Central America by leveraging their distribution network.”

According to Jorge Abud Urbiola, Business Director, PRAXIS, “We are extremely pleased to form this strategic partnership with Nucleus, a well- established and recognized global firm. Our effort to address the needs of the customer has brought us together with Nucleus and we hope this association will help us penetrate the market more effectively, delivering the right solution to our mutual customers.”

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