NSTC Ness Technologies, Inc. (MM)

HACKENSACK, New Jersey, June 20 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of IT solutions and services, today announced that it has been awarded an outsourcing contract with Israel's Assuta Medical Centers, the largest private organization in Israel providing medical services. The project is valued at $16 million over 8 years. Under the terms of the contract, Assuta will outsource its IT operations to Ness Technologies. The project includes replacing Assuta's core systems with new generation IT systems. Ness Technologies will also absorb the employees of Assuta's IT department. The process is being conducted in cooperation and coordination with Assuta's employees. Assuta Medical Centers is owned by Maccabi Healthcare Services. Replacing Assuta's IT systems with advanced and modern systems will improve the medical services system, including improving customer service and providing additional tools to the medical and administrative personnel. "Winning this contract broadens Ness' strength in the medical sector, and is compatible with the company's strategy to develop a long-term relationship with the customer, while bringing significant business value," said Shachar Efal, President of Ness Israel. "The IT project is a spearhead of the new technological era of Assuta which enters the 21th century and leads the technological and service progress of the Israeli medical institutions," said Professor Yair Shapira, CEO of Assuta Medical Centers. "Assuta sees in this project an opportunity to leverage its information systems in the move to our new hospital in Tel Aviv," said Bruno Lavi, Chief Information Officer of Assuta. "The technological upgrade will be through implementing new and more effective platforms and methodologies. As the largest private organization in Israel providing medical services, we selected Ness Technologies to lead the outsourcing project, including upgrading, replacing and operating our IT systems. Ness Technologies' experience and successes in outsourcing, including in the medical sector, assures a rapid and smooth replacement of the IT systems and continuous and professional operation of the company's IT systems." "The Assuta Medical Centers project joins many other outsourcing projects being conducted by Ness Technologies in various sectors, such as the financial, municipal and government sectors," said Effi Kotek, Senior Vice President, Outsourcing Group, Ness Israel. "This project joins additional outsourcing projects conducted by Ness Technologies in the healthcare sector. Our knowledge of the content world and Ness Technologies' extensive experience in the medical sector will be reflected in the Assuta Medical Centers project." Ness Technologies is Israel's leading IT services and outsourcing company. Ness was recently named to Global Outsourcing 100, the International Association of Outsourcing Professionals (IAOP) list of the world's top outsourcing service providers. Ness was selected for the list's Leaders Category, excelling in customer satisfaction and depth of competence. The contract awarded to Ness by Assuta follows additional outsourcing projects conducted by Ness Technologies for such companies as Israel's Yellow Pages; the First International Bank of Israel; Migdal Insurance Company; Hagichon - the Jerusalem Municipality's water and wastewater corporation; Tadiran Systems; Sano; Rav-Bariach; the Academic College of Tel Aviv-Jaffa; Mul-T-Lock; ORT; Partner Communications; Applied Materials; insurance agencies; pension funds; YES - Israel's satellite television broadcaster; the Industrial Development Bank of Israel; government ministries and others. 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. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With 7,000 employees, Ness maintains operations in 15 countries across North America, Europe and Asia, and more than 100 alliances and partnerships around the world. 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 15, 2006. Media contact: David Kanaan USA: 1-888-244-4919 Intl: +972-3-540-8188 Email: Investor contact: Drew Wright USA: 1-888-267-8160 Email: DATASOURCE: Ness Technologies Inc CONTACT: Media contact: David Kanaan, USA: 1-888-244-4919, Intl: +972-3-540-8188, Email: . Investor contact: Drew Wright, USA: 1-888-267-8160, Email:

Copyright