Press Release

Pragma Ties the Knot with Grameen Software to Expand to Bangladesh

Austin, TX {January 7, 2003} Pragma Systems, Inc., a leading provider of enterprise class Windows servers for Microsoft platforms, entered into a strategic partnership with Grameen Software Ltd. of Bangladesh today at the Grameen Bank Auditorium, Dhaka, Bangladesh. Quamrul Mina, CEO of Pragma Systems, and Dr. Nuimuddin Chowdhury, Managing Director of Grameen Software Ltd signed the Memorandum of Understanding. Professor Muhammad Yunus, Managing Director of Grameen Bank, world pioneer of micro-credit finance, Chairman of Grameen Software and an IT visionary was present as the Chairperson of the ceremony. Habibullah N. Karim, President of the Bangladesh Association of Software and Information Services and Sabur Khan, President of the Bangladesh Computer Samity, also spoke on the occasion.

As part of this relationship, Pragma Systems (Pragma) has taken 25% equity in Grameen Software Ltd. (Grameen) and the parties agreed to collaborate on many levels to become a premier provider of software development and IT services in the fast growing global outsourcing market offering cost saving solutions to companies and enterprises worldwide. Additionally, Pragma will outsource parts of its software development and support operations to the Grameen facility in Bangladesh. The strategic partnership gives Pragma Systems a reliable partner in the prime South Asian marketplace and gives Grameen a proven North American partner working together to bring clients impeccable products and IT services from both regions to customers around the world. This relationship will turn Grameen Software into a major software exporting company in Bangladesh and Grameen-Pragma will become a globally recognizable brand with an on-shore operation in the USA and an off-shore facility in Bangladesh.

Pragma is positioned strongly in the software product arena with several popular Windows server products. Pragma’s wide corporate software development experience and Grameen’s cost-effective offshore developers and infrastructure will enable them to tap into the large and growing outsourcing market in the USA, Canada, Europe, Japan and the Asia-Pacific region.

About Pragma Systems, Inc.
Pragma Systems Inc. is a US based software company and is a leading provider of enterprise class networking and security software for Microsoft Windows 2000/NT/XP platforms. Pragma focuses on bringing high performance, reliable and enterprise class server software for Windows similar to what one would find in UNIX environments. Pragma’s software is deployed in the majority of Fortune 500 companies in the USA and over 1500 companies worldwide with half a million licensed nodes in over 60 countries. Pragma Systems has also completed outsourcing and consulting projects for software development in the USA for companies such as: IBM, Tivoli and Hewlett-Packard/Compaq. Pragma Systems, Inc. is a privately held company founded in 1990 in Austin, Texas.

For more information contact Pragma Systems, Inc, 3700 W. Parmer Lane, Austin, TX 78727, or call (512) 219-7270; fax (512)219-7110; email:; visit our website at


Contact: Edith H. Myers
Pragma Systems, Inc.


Social Media