Ness Technologies Wins $11 Million Outsourcing Contract With Israel's Ministry of Immigrant Absorption
TEL AVIV, Israel, February 8 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of IT services and solutions, today announced that it has been awarded a five-year, 42 million Israeli shekel (approximately $11.2 million) outsourcing contract from Israel's Ministry of Immigrant Absorption. The contract includes an option to extend the contract for up to additional five years. Ness won the contract in a public tender published by the Ministry.
Ness Technologies will operate and maintain the ministry's IT systems 24/7, including applications, infrastructure systems, communications, and workstations. In addition, Ness will deploy network and system management solutions, upgrade the ministry's helpdesk, and continuously improve the service level according to a Service Level Agreement (SLA).
The ministry's Information Systems Division is responsible for ongoing development and operation of advanced ICT (Information and Communication Technologies) systems for immigrant absorption, including registration of immigrants, management of assistance resources such as public housing, financial assistance, customs tax grants, etc.; providing hardware and software resources to support absorption processes near immigrant residences; and producing a wide range of information and reports for the ministry's various management levels and external organizations that handle immigrant absorption.
The ministry's Information Systems Division supports 600 users at 40 sites nationwide, and operates two IT facilities - one in Jerusalem and another at Ben-Gurion International Airport.
"We were very impressed with Ness Technologies' proposal, its ability to provide the entire range of services that we require, and the proposed high quality teams," said Sigal Lebovich, Manager of the Information Systems Department of the Ministry of Immigrant Absorption. "Ness will assist us to leverage our IT resources and further develop our ICT systems to streamline the immigrant absorption processes. We will continue to improve service to immigrants based on these advanced IT systems."
"The key to successful outsourcing is understanding the client's business needs, and this is what we will do in this project, enabling the Ministry of Immigrant Absorption to achieve its goals," said Effi Kotek, President of Ness Israel. "The new contract is another milestone in Ness' leadership in IT outsourcing for large organizations. We are committed to delivering the best outsourcing services for the client's needs, helping the Ministry of Immigrant Absorption to meet the absorption challenges for 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; system integration, application development and 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 maintains operations in 18 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, 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 16, 2009. 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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