SCO and DataVision Combine to Bring Centralized Core Banking Solution Stack to Banks in the BRIC Market

1 January 1970

The SCO Group, Inc. ("SCO") (Nasdaq: SCOX) a leading provider of UNIX(R) software technology for distributed, embedded and network-based systems, today announced that the company is working with DataVision Software Solutions Pvt Ltd., an affiliate of NextStep Infotech Pvt. Ltd., the makers of CheqMate branch banking software, to provide an integrated core banking solution to the vast and expanding markets of Brazil, Russia, India and China, also known as the BRIC markets. DataVision and SCO are cooperating to provide the BRIC banking institutions with a proven, reliable, and cost-effective solution stack for their banking branches as they move from branch automation to core banking functions. The Core Banking Solution Stack will include DataVision's DataMate solution running on SCO UNIX and will be available in Q4 of 2006.

"This is a major design win for SCO. The BRIC markets are poised to see major changes taking place among banking institutions during the next several years. Critical to their success is having a proven, cost effective solution to help them make the transition to Core Banking," said Sandeep Gupta, general manager and chief technology officer for the platforms division, The SCO Group, Inc. "And SCO UNIX running DataVision's DataMate Solution is the right choice to support a seamless migration from branch automation to core banking."

SCO already has a large installed base of customers especially in the banking and finance sectors, particularly in Russia, India and China. DataVision, a leading developer of banking applications based in India, shares many of these same customers. Together these companies will provide a world-class Core Banking Solution Stack for the BRIC market.

"The Indian banking sector has gone through a variety of significant changes in recent years due to advances in technology. But, the next couple years will prove to be some of the most important as the Indian banking sector is poised for incredible growth," said Sanjay Gupta, country manager, SCO India and Southeast Asia. "This growth will result partly from computerization of banking in rural areas at the branch level and will also include a significant increase in ATM locations. We look forward to working with DataVision to facilitate this expansion for the Indian banking industry."

"The cooperative effort announced today will bring DataVision's popular DataMate solution to the proven SCO OpenServer 6 platform and expand both companies' reach into vital markets," said Mir Ameer Ali, CEO and executive director of Uchil Group, the parent company of NextStep and DataVision. "As one of the leaders in providing banking solutions for more than a decade, we look forward to collaborating with SCO and bringing all our collective experience and expertise to the BRIC markets."

About SCO

The SCO Group (Nasdaq: SCOX) is a leading provider of UNIX software technology for distributed, embedded and network-based systems, offering SCO OpenServer for small to medium business, UnixWare for enterprise applications, and Me Inc. and EdgeClick for mobile services. SCO's highly innovative and reliable solutions help millions of customers grow their businesses everyday, from SCO OpenServer on main street to UnixWare on Wall Street, and beyond. SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to UNIX-based system software providers.

Headquartered in Lindon, Utah, SCO has a worldwide network of thousands of resellers and developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit http://www.sco.com.

SCO, SCO OpenServer, the associated SCO logo, EdgeClick and Me Inc. are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries. UNIX and UnixWare are registered trademarks of The Open Group.

About DataVision

DataVision Software Solutions Pvt. Ltd is SEI CMM level 5 company under the umbrella of the Uchil Group. The Company's flagship product DataMate is a centralized core banking software solution. DataMate has proven flexibility to interact directly with the core or scale up from branch banking to the core as need. DataMate's features reflect DataVision's frame of mind -- to offer flexible support to its customers. The DataVision's sister company, NextStep Infotech Pvt. Ltd. is a very popular brand in Indian banking circles. For more information visit: http://www.uchilgroup.com

Source: prnewswire

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