Ness Technologies Wins $2.6 Million Outsourcing Extension Contract with Israel's Ministry of Environmental Protection
TEL AVIV, Israel, June 28, 2010 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of information technology solutions and services, announced today that its outsourcing contract with Israel's Ministry of Environmental Protection has been extended for an additional three years, in a deal valued at about 10 million Israeli shekels, or approximately $2.6 million.
Ness Technologies will operate and maintain the ministry's IT systems 24/7, including infrastructure systems and application development. Ness will assume overall responsibility for the Ministry's IT systems according to a service level agreement. Ness Technologies' Unified Reference and Delivery (URD) Center, Israel's largest help desk center serving outsourcing customers, will serve as the Ministry's help desk for approximately 600 users.
"We found in Ness a true partner and we are satisfied with the achievements that we have realized through the years. We are convinced that, together, we will successfully provide good IT services to the Ministry's employees and to the public," said Oren Ariav, Chief Information Officer of the Ministry of Environmental Protection. "In addition to ongoing maintenance and operation, Ness will help us to develop new applications and upgrade our IT systems."
"The Ministry's decision to extend the outsourcing contract with us further positions Ness as a leading supplier of IT services to Israel's government. In 2010 we have also won outsourcing contracts with the Ministry of Immigrant Absorption and the Ministry of the Interior," said Effi Kotek, President of Ness Israel. "We are pleased that the Ministry of Environmental Protection has extended our engagement, and we are committed to provide high quality services which will enable the Ministry to meet its challenges in the coming years."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE:NSTC) is a global provider of IT and business services and solutions with specialized expertise in software product engineering; and system integration, application development, consulting and software distribution. Ness delivers its portfolio of solutions and services using a global delivery model combining offshore, near-shore and local teams. With about 7,800 employees, Ness has operations in North America, Europe, Israel and India, has customers in over 20 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness, visit http://www.ness.com.
Forward Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Ness' actual results could differ materially from those anticipated in these forward looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in Ness' Annual Report of Form 10-K filed with the Securities and Exchange Commission on March 15, 2010. Ness is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of such changes, new information, subsequent events or otherwise.
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SOURCE Ness Technologies Inc
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