Combination will create the market leader in Outsourced Product Development (OPD) and Testing

Bangalore, India, May 2, 2008MindTree Ltd., a global IT and R&D Services Company, today announced that it has signed a definitive agreement with the largest shareholder of Aztecsoft Ltd. to acquire 32.57% at Rs 80 per share, which values the company at an equity valuation of USD 90 Million. MindTree will also announce an open offer to Aztecsoft's public shareholders to purchase up to an additional 20% equity ownership interest. These transactions are subject to customary regulatory filings, clearances and approvals. After the completion of these transactions, MindTree will initiate the process of merging Aztecsoft into itself.

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Aztecsoft Maintains Growth Momentum, Posts sequential revenue growth of 8.5% in INR terms

Bangalore, April 16, 2008: Aztecsoft Limited (Aztecsoft) the leading provider of Global Software Engineering Services announced its audited financial results taken on record by the Board of Directors for the fourth quarter and financial year ended March 31, 2008. For the fourth quarter ended March 31, 2008, Aztecsoft has posted revenues of Rs. 68.71 crores and a net profit of Rs. 3.15crores on consolidated basis. Despite economic slowdown hitting the industry, Aztecsoft has been able to sustain growth momentum due to the strong fundamentals and processes in place.

The Board also recommended a dividend of 10%, subject to shareholders approval.

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Wins 2 "Pink Slip" Awards

Bangalore, March 25, 2008: Aztecsoft Limited, the leading provider of Global Software Engineering Services today announced that it has won 2 Pink Slip Awards for Creative Excellence in Recruitment Advertising.

Winning the award for 'Best IT/Telecom Recruitment Advertisement' and 'Best use of Visuals in an Advertisement' at the Pink Slip Awards 2008 - Aztecsoft's 'Techiela' ad was chosen from over 400 short listed nominations. Contenders for the 'Best IT/Telecom Recruitment Advertisement' also included companies such as Microsoft and Yahoo. M & M Connect, Aztecsoft's agency was also presented with the awards for their outstanding work.

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