Ness Technologies Named to FinTech 100 List for Fourth Consecutive Year

HACKENSACK, New Jersey, November 9, 2010 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of IT services and solutions, today announced that American Banker, Bank Technology News and IDC Financial Insights, an independent research services firm, have named Ness to the FinTech 100 ranking of the top global technology providers to the financial services industry. Ness Technologies was ranked 51st in the 2010 list.

"Ness Technologies continues to be among the leaders in the financial technology industry, providing innovative information management and business intelligence services and solutions to the world's leading financial services institutions," said Larry Scott, President of Ness Global Industries. "By leveraging our extensive industry expertise and technological know-how, we help our clients achieve their business targets, navigate their way to success in an increasingly competitive market and respond forthrightly and proactively to increased levels of regulatory compliance."

Ness offers a wide array of information and business intelligence services as well as customer management, risk management and reference data solutions that are specifically designed for financial services firms of all types, including asset management firms, commercial and retail banks, and ratings agencies. In addition, Ness provides asset and investment management services and solutions to global, regional and boutique organizations in the capital markets industry, helping clients make better decisions faster, reduce operational costs and increase revenues.

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.

    Media Contact:
    David Kanaan
    Intl: +972-54-425-5307
    Email: [email protected]

    Investor Relations Contacts:
    Drew Wright
    USA: +1-201-488-3262
    Email: [email protected]

    Maya Lustig
    Israel: +972-3-767-5110
    Email: [email protected]

SOURCE Ness Technologies Inc

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