NSTC Ness Technologies, Inc. (MM)

HACKENSACK, New Jersey and NEW YORK, November 3 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of information technology (IT) solutions and services, today announced the establishment of an extended development center with Fortent, a specialist in anti-money laundering, Know Your Customer, and fraud detection technology. The new development center is located at Ness' offshore facility in Kosice, Slovakia. The center's establishment is a part of a multi-year contract between Fortent and Ness Technologies. Called the Fortent Extended Development Center (EDC), the new center complements Fortent's existing R&D resources in Atlanta and London. Ness will assist Fortent's R&D organization in building this center for next-generation product development by bringing its infrastructure, resources, and experience in banking and financial services technology. "Ness Technologies is ideally suited for Fortent, and the new center in Kosice will help us implement our plans to accelerate and expand product development, and increase geographic reach, meeting Fortent's strategic plans," said Kay LaBare, Chief Technology Officer of Fortent. "Ness will help us build a skilled team, meeting our need for rapid development." "Risk and compliance solutions such as anti-money laundering, fraud management, or terrorist financing monitoring are very serious challenges for any financial institution," said Petr Mytina, Senior Vice President of Sales, Ness Europe. "These kinds of systems require not only advanced and high-quality engineering skills, but also a mature and trusted partner. We are very proud that Fortent found all these qualities within Ness Technologies. It is a testimony to the quality and professionalism of our team." Ness Technologies opened its European development center in Kosice in July 2005. The center offers services based on R&D, QA/testing, maintenance and technical support. It customizes its services to each client's special needs by employing flexible service models drawn from Ness' experience. Regarding R&D, Ness' Kosice offshore center operates according to Ness' delivery model that safeguards Independent Software Vendors' (ISVs) intellectual assets and maximizes offshoring benefits. 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 7,200 employees, Ness maintains operations in 14 countries, and partners with over 100 software and hardware vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com/. About Fortent Fortent delivers enterprise-wide risk and compliance solutions to financial institutions worldwide. With advanced monitoring and detection systems that have been endorsed by the American Bankers Association, Fortent provides anti-money laundering, anti-fraud, and Know Your Customer capabilities that can be integrated into existing business practices. Fortent's clients include Barclays, Lloyds TSB, The Royal Bank of Scotland, HBOS, The Co-operative Bank, BNP Paribas, JP Morgan, Societe Generale, First Hawaiian Bank, The Bank of New York, UBS, and Washington Mutual. For more information about Fortent, please contact Guy Tarring of Fortent (UK) at +44-20-7255-1065; Davia Temin or Suzanne Oaks of Temin and Company (US) at +1-212-588-8788; or . 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: 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:

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