NSTC Ness Technologies, Inc. (MM)

Prestigious Recognition Reflects Company's Growth From Innovative Solutions and Services HACKENSACK, New Jersey, November 12 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of information technology solutions and services, today announced that American Banker magazine and the Financial Insights research firm have named Ness to the FinTech 100, an international ranking of the top 100 global application and service providers to the financial services industry. Ness Technologies was ranked 55th. "Our inclusion on this prestigious list is a testament to our status as a key player in the global financial services market, where we maintain strong, proprietary intellectual property and industry expertise," said Sachi Gerlitz, president and CEO of Ness Technologies. "The financial services industry, where we focus on innovative offerings, is one of our main strategic growth areas worldwide." Ness Technologies combines advanced services and solutions to help financial services streamline their business processes and ensure long-term success in this fast-paced environment. The company provides services to a number of segments of the financial services vertical, including capital markets; asset, mutual fund and hedge fund managers; custodians; retail, private and investment banks; credit card companies; insurance and reinsurance companies; consumer finance organizations; and pension funds. Services provided by Ness to the financial services community include implementations of the company's solutions for reference data management, transfer agency and investment management operations, research and trade operations, and sales and incentive management (developed by Ness Innovative Business Services), outsourcing and offshore services, turnkey solutions, custom development and system integration, among others. Data for the FinTech 100 was gathered from surveys completed by global vendors, as well as original research and market analysis conducted by Financial Insights. Global revenue was a key factor in the ranking. For more information about the rankings, visit: http://www.financial-insights.com/FI/services/fintech100.jsp 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 over 7,700 employees, Ness maintains operations in 17 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. Ness is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of such changes, new information, subsequent events or otherwise. Ness Technologies media contact David Kanaan USA: 1-888-244-4919 Intl: +972-3-540-8188 Email: Ness Technologies investor contact Drew Wright USA: +1-201-488-3262 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: +1-201-488-3262, Email:

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