NSTC Ness Technologies, Inc. (MM)

HACKENSACK, New Jersey, November 17 /PRNewswire-FirstCall/ -- Ness Technologies (NASDAQ:NSTC), a global provider of IT services and solutions, today announced the company's ranking on the FinTech 100, an annual international listing of the top 100 global application and service providers to the financial services industry. The ranking was compiled by American Banker magazine and Financial Insights research firm, an IDC company. Ness Technologies was ranked 47th, advancing from last year's 55th position. "Our ranking reflects the quality and innovation of our solutions and services for the financial industry, helping financial institutions streamline their information technology environment, optimize business processes, and better control their data," said Larry Scott, President of Ness Global Industries. "Improving efficiency and productivity are key challenges faced by the financial industry, particularly in this time of financial crisis. Ness is committed to help financial institutions meet these needs and quickly address changing market dynamics." The Ness Technologies Financial Services vertical offers specialized and proprietary solutions for institutions focused on banking, capital markets, and investment management. Proprietary software includes the Ness Financial Data Enterprise(TM) solution, which automates the acquisition, management and distribution of reference data and accelerates provisioning of higher quality and dynamic intelligence to end-users. Ness provides consulting, system integration, core systems, data management and knowledge process operations outsourcing services with onsite and local presence in North America, Europe, Israel and Asia Pacific - complemented by Global Delivery Model capabilities via centers across India and Eastern Europe. Clients include KBC Group, Credit Suisse, Deutsche Bank, Erste Bank, Franklin Templeton, Invesco, Standard & Poor's and UBS. For more information about the rankings, visit http://www.financial-insights.com/fintech To view the FinTech Special report, visit http://www.americanbanker.com/fintech100 About Ness Technologies Ness Technologies (NASDAQ:NSTC) is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. The Ness portfolio of solutions and services consists of software product development, including both offshore and near-shore outsourcing, system integration, application development and consulting, and software distribution. With over 8,300 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 17, 2008. 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. Ness Technologies media contacts: David Kanaan USA: +1-888-244-4919 Intl: +972-3-540-8188 Email: Ness Technologies investor contact: Drew Wright USA: +1-201-488-3262 Email: DATASOURCE: Ness Technologies Inc CONTACT: Ness Technologies media contacts:, David Kanaan, USA: +1-888-244-4919, Intl: +972-3-540-8188, Email: ; Ness Technologies investor contact:, Drew Wright, USA: +1-201-488-3262, Email:

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