InCube Signs Strategic Partnership Agreement with NOMAD Software

5th September 2005

- Business relationship extends NOMAD's reach into Middle East -

Card payment solution provider, NOMAD Software, has signed up a key strategic partner for the Middle East region.  The agreement with Dubai based InCube, will see NOMAD's CORTEX suite of products being sold and supported throughout the burgeoning Middle Eastern banking sector.

Founded in 2004, InCube is rapidly becoming a leading IT project management and consultancy in the gulf, with over 65 partners in the region.  Headquartered in Dubai, the commercial hub of the Middle East, InCube has offices throughout the Middle East enabling it to deliver local technical and market capability on the ground.

The NOMAD CORTEX suite encompasses a range of highly scalable, EMV ready card management and switch solutions for debit, prepaid, charge and credit card programmes. These solutions have been implemented in a number of major retail banks throughout the Middle East including VISA Jordan Card Services and the Jordan Kuwait Bank.

Khaldoon Kaylani, General Manager of InCube, stated "NOMAD's customers include innovative banks and financial institutions who want to build strong and profitable relationships with all their customers be they private clients, merchants or businesses and meet the increased demand for fast, reliable and secure transactional payment systems."

"In the rapidly advancing Middle-East banking sector, we were looking for an advanced suite of card payment processing solutions that would complement our existing portfolio and match the evolving needs of our clients. Through our relationship with NOMAD Software, we will be able to provide banks in the region, with a market leading payments solution," he added

John Yeomans, CEO, NOMAD Software commented "This is a highly strategic partnership for NOMAD Software, expanding the footprint we already have within the territory and one that is set to grow rapidly over the next few years. This partnership affords us huge potential for growth as cards overtake cash as the preferred payment mechanism within the Middle East. We are delighted that InCube, with their in-depth knowledge of these markets, is working with us to support our expansion plans throughout this region."

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