NSTC Ness Technologies, Inc. (MM)

Software Magazine Ranks Ness Technologies as one of the World's Largest Software Companies HACKENSACK, New Jersey, October 27 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of IT services and solutions, today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalog on http://www.softwaremag.com/. Ness Technologies was ranked 100, advancing from last year's 120 position. Ness Technologies is ranked by Software Magazine "among leaders in companies between $100 million and $1 billion in revenue." Ness' 2005 total revenues (the ranking year) were $385.4 million, compared to $304.5 million in 2004. "It's an honor for us to be ranked among the world's largest software and services companies," said Raviv Zoller, President and CEO of Ness Technologies. "The ranking reflects our financial and technological strength, as well as our commitment to best serve our customers and the dedication of our employees and partners." "The 2006 Software 500 results show that growth in the software and services industry was flat from 2004 to 2005, the ranking year. The industry continues to be dynamic with more than 90 new companies on the list this year," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "Strong segments this year included security and system integration services. While much of the growth is coming from outside the US in the services segment, the flattening world effect is sending some of it back too. The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners. It is a quick reference of vendor viability. That is content of value." The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The ranking is based on total worldwide software and services revenue for 2005. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at http://www.softwaremag.com/, as well as from public documents. About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies, now in its 24th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co. About King Content Co. and the Software Marketing Perspectives Conference & Expo King Content Co., owner of Software Magazine, is holding the third annual Software Marketing Perspectives Conference & Expo at the Marriott Boston in Newton, Mass., May 23-25, 2007. A Call for Papers will be issued in October and will be open through the end of November. The SMP event brings together technology product managers, marketing communications and public relations professionals in a two-day conference program. Conference attendees aim to increase their personal success by learning from their peers and making connections. More information about the 2007 event will be coming soon. 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. Ness Technologies media contact: David Kanaan USA: 1-888-244-4919 Intl: +972-3-540-8188 Email: Ness Technologies investor contact: Drew Wright USA: 1-888-267-8160 Email: Software 500 Contact: Kelley Conrad Software 500 Project Leader DATASOURCE: Ness Technologies Inc CONTACT: Ness Technologies media contact: David Kanaan, USA: 1-888-244-4919, Intl: +972-3-540-8188, Email: ; Ness Technologies investor contact: Drew Wright, USA: 1-888-267-8160, Email: ; Software 500 Contact: Kelley Conrad, Software 500 Project Leader,

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