August 28, 2003

Lucida Announces New Subsidiary Lucida Asia Sdn. Bhd.


Lucida Asia Sdn. Bhd. established in Kuala Lumpur to serve as Lucida business hub for the Asia Pacific region.


San Jose, CA - August 28, 2003 - Lucida Inc.,, a leading provider of business performance management software solutions, today officially incorporated its Malaysian subsidiary, Lucida Asia Sdn. Bhd., in Kuala Lumpur. Lucida Asia will serve as the hub for Lucida business in the Asia Pacific region, providing Lucida products and services for the Telecommunications, Banking, Energy, and Transportation industries in the region.


According to Lucida Asia's president, Ravi Narayanasamy, "Lucida Asia represents an exciting growth opportunity to serve new customers and rapidly evolving markets through Lucida's high-value products and services in the Asia Pacific region." Lucida chairman and CEO, Yasafumi Toyoshima, added, "Establishing a hub in the Asia Pacific region is key to Lucida's strategy for success by targeting key, high-growth international markets."