NSTC Ness Technologies, Inc. (MM)

SANTA CLARA, California, September 20 /PRNewswire-FirstCall/ -- Ness Technologies Inc. (NASDAQ:NSTC), a global provider of IT solutions and services, and NEC Corporation of America, a premier provider of IT, network and telephony solutions, today announced the expansion of their strategic partnership to offer solutions and services to financial service JOCs (Japanese Owned Companies) and the American Financial Services Industry (AFSI) in North America. This partnership will enable the companies to deliver strategic reference data management, performance analytics, product distribution, reporting and regulatory compliance solutions to banks, insurance companies and capital markets institutions. As a part of this extended strategic relationship, Ness Innovative Business Services (Ness IBS) will offer its state-of-the-art solutions to JOCs, leveraging NEC's strong relationships with financial institutions. These offerings will consist of solutions such as Financial Data Enterprise (FDE) - an enterprise data management solution, and EnVue - performance analytics and compliance framework. Ness IBS solutions are currently deployed at various top tier investment managers, investment banks, broker/dealers and information service providers managing close to $1 trillion assets under management. In addition to the solutions, Ness IBS will offer its outsourcing and offshoring offerings, such as advisory, system integration, product development and business process outsourcing services. In turn, NEC will offer solutions that address the compliance and data security needs of the AFSI market, including advanced business intelligence (BI), enterprise content management (ECM), and biometric identification solutions. The global presence of NEC and Ness will ensure that clients benefit from best-in-class practices at a regional level. "NEC is pleased to extend its relationship with Ness Technologies to ensure that our financial services clients in the U.S. benefit from our combined competencies," commented Yuji Ichimura, vice president of solutions business, NEC Corporation of America. "The leading business intelligence, ECM and biometric recognition systems developed by NEC are a perfect complement to Ness' strong domain presence and industry expertise." "This relationship will bring NEC's compliance and security offering to our existing and new AFSI customers," said Rajkumar Velagapudi, President of Ness IBS. "Our financial services customers do business in an increasingly dynamic regulatory compliance world and are faced with significant challenges in protecting customer data and information. Along with NEC, we can expand our offerings and reach out to more customers." The combined expertise and reach of NEC and Ness will enable financial services institutions to improve their day-to-day operations and address tactical, regulatory, and strategic needs rapidly. About NEC Corporation of America NEC Corporation of America is a leading technology provider of IT, network and visual display solutions. Headquartered in Irving, Texas, NEC Corporation of America is the North America subsidiary of NEC Corporation (NASDAQ:NIPNY). NEC Corporation of America delivers technology and professional services ranging from server and storage solutions, digital presentation and visual display systems to biometric identification, IP voice and data solutions, optical network and microwave radio communications. NEC Corporation of America serves carrier, SMB and large enterprise clients across multiple vertical industries. For more information, please visit http://www.necam.com/. 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. NEC Corporation of America media contact: Beth Makosey NEC Corporation of America +1-408-844-1320 Ness Technologies media contact: David Kanaan Ness Technologies USA: +1-888-244-4919 Intl: +972-3-540-8188 Email: Ness Technologies Investor contact: Drew Wright Ness Technologies USA: +1-888-267-8160 Email: DATASOURCE: Ness Technologies Inc CONTACT: NEC Corporation of America media contact: Beth Makosey, NEC Corporation of America, +1-408-844-1320, . Ness Technologies media contact: David Kanaan, Ness Technologies, USA: +1-888-244-4919, Intl: +972-3-540-8188, Email: . Ness Technologies Investor contact: Drew Wright, Ness Technologies, USA: +1-888-267-8160, Email:

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