Ness Technologies Wins Strategic Contract at Raiffeisenbank a.s. for Document Management System

PRAGUE, Czech Republic, March 10, 2010 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of IT services and solutions, announced today that it has been chosen by Raiffeisenbank a.s. as strategic partner and supplier of a Document Management System (DMS), which will run on the Documentum platform. Raiffeisenbank a.s. is part of Raiffeisen International, a major regional banking group in Central and Eastern Europe. The new contract will result in a multi-million dollar project.

The new cooperation is part of a long-term strategic partnership with the bank. Ness Technologies has been a strategic partner of Raiffeisenbank a.s in the Czech Republic in the business Intelligence area for over 5 years. In November 2009, Raiffeisenbank renewed its partnership with Ness, as part of which it awarded Ness a previously unannounced major contract extension for these business intelligence services, valued at more than $6 million annually.

"Ness has been one of Raiffeisenbank's key suppliers since 2001," said Martin Kolouch, member of Raiffeisenbank a.s's. Board of Directors and responsible for information technology. "Not only has Ness proven its high expertise during the selection process, but it has also offered the solution most suited to meet the bank's requirements. Ness successfully conducted a number of key business intelligence projects for us, such as data integration during our merge with eBanka, the creation of an Operational Data Store (ODS) and a project of analytical CRM, which was successfully finalized and accepted at the beginning of this year. We expect the DMS to be the next successful project."

"We are confident that our experience and expertise in BI and document management will, among other things, contribute to successful implementation of the bank's new core banking system," said Rostislav Haufer, Senior Partnership Manager at Ness Czech, who has been responsible for Ness' strategic partnership with Raiffeisenbank a.s., over the last four years."

The DMS solution proposed by Ness is based on EMC xCelerated Composition Platform (xCP), which offers a significant cost savings of up to 50% in the area of customisation. At the same time it allows for a flexible response to the business requirements of the banking industry and for modification of user screens according to users' job profiles. The savings of costs in the user training area is yet another benefit delivered by the chosen platform.

Minimizing the costs of integrating the DMS with the bank's existing infrastructure is made possible due to EMC Process Integrator, one of the key components of the proposed solution. EMC Process Integrator supports two-way communication and integration with other systems and reduces the upgrade and operating costs of the DMS system.

About Raiffeisenbank a.s.

Raiffeisenbank, a.s. is the fifth largest bank in the Czech Republic, and it has offered a wide range of banking services to private and corporate clients in the Czech Republic since 1993. In 2006 it merged with eBanka and the integration process completed in summer 2008. Raiffeisenbank serves clients in more than 100 branches and client center, also provides specialized mortgage center, personal, corporate and business advisers. The bank's majority shareholder is the Austrian financial institution Raiffeisen International Bank Holding AG. Raiffeisen International operates in 17 markets and serves 15 million clients at 3,200 business sites. Since 2005 the group shares are listed on the Vienna Stock Exchange. The main shareholder is the RZB Group holding more than two-thirds of the bank's shares. The remaining one third of the shares is freely traded. For more information about Raiffeisenbank a.s. visit http://www.rb.cz/en/

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 on Form 10-K filed with the Securities and Exchange Commission on March 16, 2009. Ness is under no obligation to, 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 Contacts - International:
    David Kanaan
    Intl: +972-54-425-5307
    Email: [email protected]

    Ness Technologies investor contact:
    Drew Wright
    USA: +1-201-488-3262
    Email: [email protected]

    Media Contact - Czech Republic:
    Stance Communications, s.r.o.
    Petr Pluhacek
    Tel: +420-224-810-809
    GSM: +420-725-837-673
    E-mail: [email protected]

SOURCE Ness Technologies Inc

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