NSTC Ness Technologies, Inc. (MM)

Identified as the 2006 Fast Growth Services Organization HACKENSACK, New Jersey, October 20 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of IT services and solutions, today announced that the company has been honored by CMP Technology's CRN as the 2006 Fast Growth Services Organization. The award was presented during a reception held at the conclusion of the inaugural CRN Channel Chiefs/Fast Growth Executive Summit on October 11, in New York City. Fourteen awards were presented in fourteen categories, including regional awards and awards to companies that have shown significant growth in particular areas of information technology, like storage, security, software and services. CRN's Fast-Growth award winners were selected as recognized Solution Providers who are driving sales and using innovative methods to grow their business at phenomenal rates. The profiles and data of the CRN Fast Growth 100 developed by CRN's editorial staff provide insights into which models and technology are proving to be the most lucrative. "The award reflects our success in implementing our growth strategy," said Raviv Zoller, President and CEO of Ness Technologies. "Our commitment to innovation, teamwork and excellence, combined with strong partnerships with our clients and business partners, are the key to the successful execution of our strategy." "As the channel's most trusted resource, CRN is solely focused on the Solution Provider community. This list, created by our editorial team, recognizes the Solution Providers that have worked tirelessly to support their customers. We salute them on their superior growth," said Dan Dignam, VP/publisher of CRN. 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/. About CRN CRN provides Solution Providers and Technology Integrators with the crucial information and analysis they need to drive their company's sales. As an advocate for and voice of the Channel, Solution Providers turn to CRN first for immediate information. With more than 20 years of experience, CRN is the most trusted source for 117,000 channel professionals. CRN can be found on the Web at http://www.crn.com/. About CMP Technology CMP Technology is a marketing solutions company serving the technology industry. Through its market-leading portfolio of trusted information brands, CMP has earned the confidence of more technology professionals than any other media company. As a result, CMP is the premier provider of access, insight and actionable programs designed to connect sellers and buyers in ways that yield superior return on investment. CMP Technology is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion. 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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