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NEXUS ceases to be step-down subsidiary of Prism Informatics

18 Apr 2013 Evaluate

Nexus Resource Systems (NEXUS), Thailand, consequent to the disinvestment of equity shares by Prism Informatics Pte, the wholly-owned subsidiary of Prism Informatics, has ceased to be a step-down subsidiary of the company during the quarter to end on June 30, 2013. Consequently, financial statement of NEXUS will not form part of consolidated financial statements of the company with effect from first quarter to end on June, 2013.

Prism Informatics is one of the fastest growing software development companies, with most of its business coming from its ever satisfied repeat customers. A midsized software development company, Prism's focus has been on delivering cutting edge software solutions coupled with building client relationships.

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