NSTC Ness Technologies, Inc. (MM)

HACKENSACK, New Jersey, August 30 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of IT services and solutions, today announced that its offshore development center in Hyderabad, India, has been awarded the prestigious ISO/IEC 27001:2005 certification for information security management systems. The certification (formerly BS 7799) was awarded to the Ness IBS Hyderabad center by the United Kingdom Accreditation Service (UKAS) and the audit was conducted by DNV, an accredited certification body for services provided in the areas of application development, maintenance, production support, migration, and investment research. The new certification complements the well-defined quality management systems already in place at the Ness Hyderabad facility, which is assessed to SEI-CMM Level 4 compliance, formally attesting to the rigorous implementation of the elements of IT security - confidentiality, integrity, availability and legality - in its services and solutions, as well as to the Information Security Management System (ISMS) it has developed based on ISO 27001 standards. Ness IBS offerings for the financial services industry include solutions for wealth management systems, transfer agency systems, investment management systems, financial research services, trade operations solutions, product engineering and package Implementation. Ness IBS clients include Franklin Templeton, Standard & Poor's, Finaplex Inc., PayPal, Wells Fargo Bank, Weiss Ratings, Fiserv, ING Investments and Kaiser Permanente, among others. "Achieving ISO/IEC 27001:2005 certification is a major milestone that adds significant value to our customers, especially those in financial services and healthcare," said Rajkumar Velagapudi, President of Ness IBS. "Our financial services and healthcare customers leverage our offshore services in order to expand their bandwidth and improve their bottom lines. This certification provides our customers with the assurance that their data is secure and private while still maintaining high levels of customer service, which significantly broadens the types of services that they will contract from us. Through our implementation of the ISO/IEC 27001:2005 standards, we provide enhanced security measures which comply with the business requirements of companies in these industries, as well as specific regulatory requirements, such as HIPAA for health care applications - which will result in increased business from current and new customers." 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, and partners with over 100 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 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:

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