Ness Asia Pacific Awarded International Headquarters (IHQ) Status in Singapore
November 06 2006 - 5:30AM
PR Newswire (US)
SINGAPORE, November 6 /PRNewswire-FirstCall/ -- Ness Technologies
(NASDAQ:NSTC), a global provider of IT services and solutions,
announced today that its Asia Pacific operation has been awarded
the International Headquarters (IHQ) status by Singapore's Economic
Development Board (EDB). Ness Asia Pacific specializes in a variety
of IT services and solutions, including ERP, application
development, data warehousing and Enterprise Application
Integration (EAI). Ness Asia Pacific serves clients across multiple
sectors and technologies with a focus on banking, manufacturing,
government and telecom. IHQ status is granted by EDB to premier
corporations that demonstrate their commitment to strategically
leverage on Singapore's unique strengths as an investment
destination and locate their regional headquarters in Singapore.
The IHQ status offers various incentives, including tax benefits.
"Ness Technologies is honored to be awarded the prestigious IHQ
status from the Economic Development Board of Singapore," said
Madhujeet Chimni, Senior Vice President and Managing Director, Ness
Asia Pacific. "Asia Pacific is an exciting IT market with a rapidly
growing demand for innovative solutions and services. This award
recognizes Ness Technologies' commitment to the fast growing Asia
Pacific region. Singapore is an ideal regional business hub and our
new IHQ status will strengthen our position and accelerate our
growth in this area by adding tremendous value to our relationships
with customers and partners in the region." "The IHQ status is
another milestone in our global growth strategy" said Raviv Zoller,
President and CEO of Ness Technologies. "The Asia Pacific region is
one of the world's fastest growing regions, and for Ness, as a
global company, it presents significant growth opportunities. We
admire the success of Singapore in creating the conditions needed
for global companies to prosper, and feel privileged to be here."
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/. 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 in Singapore: Madhujeet
Chimni Ness Asia Pacific +65-81833978 Email: International Media
contact: David Kanaan Ness Technologies USA: +1-888-244-4919 Intl:
+972-3-540-8188 Email: Investor contact: Drew Wright Ness
Technologies USA: +1-888-267-8160 Email: DATASOURCE: Ness
Technologies Inc CONTACT: Media contact in Singapore: Madhujeet
Chimni, Ness Asia Pacific, +65-81833978, Email: ; International
Media contact: David Kanaan, Ness Technologies, USA:
+1-888-244-4919, Intl: +972-3-540-8188, Email: ; Investor contact:
Drew Wright, Ness Technologies, USA: +1-888-267-8160, Email:
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