NSTC Ness Technologies, Inc. (MM)

Unique Offshoring Methodology Proven Beneficial for Technology-Oriented, Enterprise-Class Clientele HACKENSACK, New Jersey, March 16 /PRNewswire-FirstCall/ -- Ness Technologies, Inc., (NASDAQ:NSTC) a global provider of IT services and solutions, today announced that it will launch an extension of its Managed Labs offshore development model at the Gartner Outsourcing Summit, to be held on March 19-21, 2007, in Dallas, Texas. The Managed Labs model was initially developed to serve Independent Software Vendor's (ISV's) offshoring and outsourcing needs, and the extended model - ML/COM - supports enterprises other than ISVs. This unique model facilitates the maintenance of domain expertise, increases employee retention rates in the offshore centers, and fosters stronger collaboration between in-house and outsource teams. In addition, this model allows for a high degree of flexibility and adaptability in support of a client's shifting priorities and/or business initiatives. Ness currently serves nearly 40 ISV's employing this proprietary outsourcing business model from its centers of excellence. Through extensive market research, detailed analyses and thorough investigation, Ness identified that companies other than ISVs which utilize technology at the core of their operation, would reap similar benefits to those garnered by ISVs. The employment of software engineering disciplines used by ISVs, coupled with the use of offshoring processes, allows non-ISV enterprises to streamline processes of their application design, development, maintenance and support. "This extension of our Managed Labs model is a logical next step as we broaden our business to include not only classical ISVs, but other organizations for whom technology is at the center of their business model," said Shashank Samant, President of Ness Managed Strategic Services, "We are proud to be a Silver Sponsor of the Gartner Outsourcing Summit and to be introducing the benefits of ML/COM at this event, the gathering place for global thought leadership in outsourcing." Companies that have employed Ness' Managed Labs offshoring/outsourcing business model have realized cost savings, operational efficiencies and faster time-to-market Ness will introduce ML/COM in detail in its booth in the exhibition hall at the Gartner Outsourcing Summit. About the Gartner Outsourcing Summit The Gartner Outsourcing Summit is the only event designed to provide a comprehensive view of the entire outsourcing arena to allow leaders from both business and IT groups to come together; and offers a holistic understanding of all the options, risks and opportunities available. The Summit provides unbiased, road-tested advice and best practices necessary for setting outsourcing strategies and objectives, evaluating and selecting the right services providers, managing relationships with external partners and delivering profitable outcomes. Additional information is available at http://www.gartner.com/us/outsourcing. 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 numerous 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 14, 2007. Media contact: David Kanaan USA: 1-888-244-4919 Int'l: +972-3-540-8188 E-Mail: Investor contact: Drew Wright USA: 1-201-488-3262 E-Mail: DATASOURCE: Ness Technologies Inc CONTACT: Media contact: David Kanaan, USA: 1-888-244-4919, Int'l: +972-3-540-8188, E-Mail: . Investor contact: Drew Wright, USA: 1-201-488-3262, E-Mail:

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