NSTC Ness Technologies, Inc. (MM)

HACKENSACK, New Jersey, December 22 /PRNewswire-FirstCall/ -- Ness Technologies (NASDAQ:NSTC), a global provider of IT services and solutions, today announced that it has been awarded a multi-million dollar contract by Quintiles Transnational Corp., a leading provider of pharmaceutical and biotech services from early development through late phase clinical trials and commercialization. Under the terms of the three-year contract (with optional six year extension), Ness Technologies will establish an Extended Development Center (EDC) at Ness Technologies' facility in Bangalore, India. The new center, called Quintiles Extended Development and Testing Center, complements Quintiles existing IT resources. The center will provide Quintiles with additional application development, testing and maintenance services in the clinical, laboratory and product commercialization domains. It will help Quintiles accelerate time to market for technology and data integration solutions which are used in support of operations with their extensive global customer base. "Quintiles' people and solutions are the gold standard of the pharmaceutical services industry," said Richard Thomas, Chief Technology Officer, Quintiles Transnational Corp. "Ness, through their expertise and specialist knowledge in building and operating systems development labs, has established a similar reputation in the IT services industry. Through this partnership, Ness will provide us with significant additional IT capacity and expertise, which in turn will help us accelerate delivery of innovative solutions and services that will directly benefit our customers." "The new contract with Quintiles reflects our process expertise and technology competency along with strength in the pharmaceutical and life sciences practices," said Shashank Samant, President of Ness Managed Strategic Services (Ness MSS). "We are very pleased that Quintiles selected our proven Managed Labs model as a foundation for their extended development center and we are committed to providing Quintiles with the highest quality services." Ness Technologies provides outsourcing services from its development centers in India - Bangalore, Mumbai and Hyderabad - and from its centers in Israel, Eastern Europe and Asia-Pacific. Ness offers end-to-end business solutions designed to help clients improve their competitiveness and effectiveness, encompassing all technologies and IT services related to that process. Ness' development centers house extended R&D labs for 30 independent software vendors (ISVs), as well as extended IT centers for applications development, maintenance and support for Information Technology and Information Systems organizations. Ness Technologies has been named to Global Outsourcing 100, the International Association of Outsourcing Professionals' (IAOP) list of the world's top outsourcing service providers. Ness has been selected in the Leaders Category of the list, excelling in customer satisfaction and depth of competence. In addition, Ness Technologies has been ranked as one of the top 10 specialty application development leaders on Global Services 100, Global Services' list of the world's most innovative providers of business and technology services. The Company has also been ranked by Brown-Wilson Group as one of the top 50 best managed global outsourcing vendors. About Quintiles Quintiles Transnational Corp. is powering the next generation of healthcare by providing a broad range of professional services in drug development, information, financial partnering and commercialization for the pharmaceutical and biotechnology industries. With 16,000 employees and offices in more than 50 countries, it is focused on providing customer-centric solutions that are the gold standard of the industry. For more information, please visit the company's Web site at http://www.quintiles.com/. 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 7,300 employees, Ness maintains operations in 16 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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