Ness Technologies Selected by Pearson as Global Product Development Partner
February 05 2008 - 6:45AM
PR Newswire (US)
HACKENSACK, New Jersey and MUMBAI, India, February 5
/PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a
global provider of information technology solutions and services,
today announced that Pearson plc, the international education and
information company whose businesses include the Financial Times
Group, Pearson Education and the Penguin Group, has chosen Ness as
its product development partner in a three-year agreement that will
expand Pearson's engineering capacity substantially. Ness will
establish and operate an India Development Center in Mumbai for
Pearson to enable close collaboration on end-to-end product
engineering for Pearson's next-generation products and systems. "As
leaders in information, education and assessment we continually
seek effective ways to bring innovative technology, products and
services to our customers," said Atish Banerjea, executive vice
president and chief technology officer of Pearson. "For several
years we have worked successfully with partners in India who have
helped support the growth of our business and address talent gaps
in other parts of the world. We view our India Development Center
with Ness as the foundation of a strategic product development
capability in India. In Ness we have a partner with a product
mindset and we believe that their Managed Labs engagement model
will make them a true extension of our business." "We are delighted
to be working with an industry leader like Pearson," said Shashank
Samant, president, Ness North America and head of the global
high-tech and software vertical. "Pearson's dedicated Managed Lab
team will bring to bear Ness' proven offshore product development
methodology, acting as an extension of Pearson delivering
state-of-the-art solutions and intensifying the product innovation
culture within Pearson." Ness' high-tech and software vertical
provides software product expertise - from concept through
development to market support - delivered via collaborative
"extended product labs". Ness operates software R&D labs for
more than 45 ISVs and other product-oriented clients, utilizing its
centers in India (Bangalore, Mumbai, Hyderabad, Pune and Chennai)
and its center in Kosice, Slovakia, along with onsite and local
presence in North America, Europe, Israel and Asia Pacific. 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 8,000 employees, Ness maintains operations in
18 countries, and partners with numerous software and hardware
vendors worldwide. For more information about Ness Technologies,
visit http://www.ness.com/ About Pearson Educating 100 million
people worldwide, Pearson (LSE:PSON)(NYSE:PSO) is the global leader
in educational publishing, providing research-based print and
digital programs to help students of all ages learn at their own
pace, in their own way. Pearson's businesses include the Financial
Times Group, Pearson Education and the Penguin Group. For more
information about Pearson, visit http://www.pearson.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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