XIUS Becomes a Preferred Sales Partner for HP.

Honoured with HP Business Partner of the Year Award for the APJ Region

HERNDON, Va. & HYDERABAD, India -- XIUS, a leading total telecom solutions brand offering its services to Telecom Service provider and Mobile Virtual Network Operator across the globe, today announced that it has become a preferred sales partner to HP for the APJ (Asia-Pacific and Japan) region. As an acknowledgement of their contributions to HP's OpenCall technology based solutions & business, XIUS has been awarded the HP Software (CME) Business Partner of the Year Award, for APJ. The award recognizes partners in Asia-Pacific and Japan region that have demonstrated outstanding commitment to HP Communication, Media & Entertainment (CME) business group, thereby increasing the quality of HP. Earlier in February 2007, XIUS won this award for the EMEA region. XIUS(TM) is the Telecom SBU brand of Megasoft Limited, a publicly traded company on BSE, India.

XIUS has been an HP OpenCall Partner since 2001 and is a key partner to HP for its complete OpenCall portfolio of products covering signaling, media and next generation signaling technologies. The unique suite of solutions developed by XIUS has allowed OpenCall to break into new accounts and new geographies. Over the last five years XIUS has grown several times over, both organically and inorganically. This award illustrates its capabilities in providing innovative solutions that are both customized and cost effective to support applications sales and implementation, developed in cooperation to meet individual customer needs and help grow their revenues.

Mr. GV Kumar, CEO, XIUS stated, "The award signifies XIUS(TM) capabilities in partnering with leaders and provide business innovative software solutions that are both customized and cost effective. The award is recognition of the considerable support that XIUS has continually provided to joint applications sales and implementation along with HP to meet individual customer needs and help grow revenues. The Core Telecom Infrastructure Solution VOISE(TM) for MVNOs, successfully launched in US last year, was introduced in the APAC, Africa & Middle East regions this quarter and we see a strong demand for it."

"We are really honoured with the two acknowledgements from HP within the year. This award will enable us to further grow our market share in the APJ region," added Mr. Kumar.

About XIUS (www.xius.com)

XIUS(TM) a Telecom SBU of Megasoft Ltd, established in 1994, is a leading total telecom solutions brand offering its services to telecom service providers and Mobile Virtual Network Operators across the globe. Since its inception, XIUS has developed and launched more than 11 innovative products and have to their credit many world firsts, including VOISE(tm), the innovative core telecom infrastructure platform for MVNO. XIUS is committed to provide revolutionary solutions that have a significant impact on the lowering CAPEX / OPEX with improving service levels for end users. With more than 1100 people, XIUS has a presence in more than 11 countries. Its end-to-end innovative products and solutions to multiple segments of the telecom industry span the markets of Mobile and Fixed Telephony, Internet Telephony as well as Mobile Commerce services. These include Convergent Billing, Advanced Roaming and Interoperability solutions to Wireless and Wireline Operators, MVNOs, ISPs and other Network Service Providers; billing and payment processing solutions to Telephony, Banking, E-Commerce and Internet Applications markets.