NSTC Ness Technologies, Inc. (MM)

HACKENSACK, New Jersey, October 17 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of IT services and solutions, today announced it has signed an agreement to transfer technology and international distribution rights for a unique intelligence system to an international homeland security company. Ness will have a first refusal right to offer implementation services for the intelligence system worldwide. In addition, the parties signed the first such deal, to implement a project based on the intelligence system for a customer of the international homeland security company. The total initial value of the deal is $30 million in license and services revenue over the next three years. The intelligence system developed by Ness supports intelligence officers by turning large amounts of raw information into actionable knowledge. The system enables comprehensive and effective intelligence processing, intelligence management and dissemination. It also helps prepare strategic assessments, intelligence alerts and intelligence briefs, which can be shared electronically by the relevant officials. The intelligence system is designed for law enforcement agencies involved in crime fighting and homeland security, and it can be customized as well for private organizations and other governmental agencies. The intelligence system's capabilities can be extended through the use of another Ness software product, also included in this first deal, that combines information acquired in real-time (and near-real-time) from sensors and systems, as well as analyzed intelligence data, to construct situational awareness pictures. Ness will continue to develop and license this software product to new customers globally. "The transaction will help leverage the value of our unique intelligence products around the world," said Raviv Zoller, President and CEO of Ness Technologies. "Ness has developed a wide range of excellent technologies, products and capabilities, and we believe that the current transaction is an opportunity to offer the competitive advantage of a portion of the unique products and capabilities of our Technologies and Systems Group (TSG) to a wide range of global customers, through the reach of the international homeland security company with whom we are partnering, with fast time-to-market." "The intelligence system, which we have developed over the past 5 years, and other unique technologies developed by Ness, provide a large spectrum of intelligence capabilities to intelligence units and organizations," said Michael Zinderman, President of Ness TSG. "These proven capabilities assist intelligence personnel in collecting and analyzing vital information and data relating to varied intelligence activities, helping them cope effectively with their complex tasks." 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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