NSTC Ness Technologies, Inc. (MM)

HACKENSACK, New Jersey, March 1 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of IT services and solutions, today announced that it has appointed Mr. Ofer Segev as Executive Vice President and Chief Financial Officer, effective April 1, 2007. Segev brings to Ness Technologies over 20 years of experience in strategic financial management. Prior to joining Ness Technologies, he served from 2003 as Chief Financial Officer of Attunity (NASDAQ:ATTU), a provider of service-oriented software and solutions in the workplace applications market. Previously, Segev was the Chief Executive Officer and Chief Financial Officer of TeleKnowledge, a content commerce platform vendor; and prior to that he was the Chief Financial Officer of Tundo, a developer of an IP-based voice and media services platform. Before joining Tundo, Segev was a partner at Ernst & Young Israel, where he led the high-tech industry practice group, and participated in over 20 public offerings in the US. In addition, he was a member of the technology steering committee of Ernst & Young International. Segev holds a B.A. in economics and accounting from Bar Ilan University in Israel, and has studied at the Kellogg School of Management at Northwestern University. "We are delighted to welcome Ofer to our senior management team," said Sachi Gerlitz, the incoming President and Chief Executive Officer of Ness Technologies. "With his more than 20 years' financial experience, and his experience in the high-tech industry, Ofer is the ideal person to build on the strong financial foundation of the Company. I am confident that he will make a significant contribution to Ness." "I am excited to join Ness Technologies and I look forward to working with the management team to help run the company and to continue delivering shareholder value," said Ofer Segev. "I am honored to be part of such a talented and visionary team of executives and a part of such an outstanding company." 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 7,500 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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