Ness Technologies Wins $17 Million Land Registry Contract in Slovakia
November 09 2009 - 7:00AM
PR Newswire (US)
BRATISLAVA, Slovakia, November 9 /PRNewswire-FirstCall/ -- Ness
Technologies, Inc. (NASDAQ:NSTCNASDAQ:andNASDAQ:TASE:NASDAQ:NSTC),
a global provider of information technology solutions and services,
announced today that it has won a public tender to provide online
land registry (cadastre) services to the Geodesy, Cartography and
Cadastre Authority of the Slovak Republic. Ness competed on the
tender in cooperation with a partner, DWC Slovakia, which will
provide hardware for the deal, while Ness will provide intellectual
property, software development, system integration and support
services. Ness' portion of the three-year deal is valued at EUR13
million, or $20 million, including VAT, which corresponds to EUR11
million, or $17 million, excluding VAT. Ness Europe is one the
biggest providers of solutions for the Central and Eastern European
eGovernment sector, including the computerization and modernization
of land registry processes. Ness has over 15 years of experience in
this field and has been instrumental in building both fee-based and
free land registry portals in Slovakia and in the Czech Republic,
where it established the country's entire land registry information
system. The Geodesy, Cartography and Cadastre Authority of the
Slovak Republic ("GCCA"), which wished to extend its current
information systems, announced the public tender in June 2009 and
awarded the contract in October - to a consortium of Ness and DWC
Slovakia. Ness and DWC have cooperated on other public sector and
state administration engagements previously. "The successful
execution of this project will launch 45 key online services, which
will allow the cadastral division to interface much more closely
with the public and private sectors, as well as other divisions of
the public administration," said L'udovit Hamas, Director of the
Research Institute of Geodesy and Cartography in Bratislava, in
assessing the benefits of this project. "We selected the consortium
of Ness and DWC because of their reputation as superior and
reliable partners. We believe that this project will facilitate and
simplify access to the country's real estate cadastre not only for
corporate entities but especially for citizens." "We are pleased to
win this significant tender to enhance and extend the GCCA's land
registry system, and we view it also as an acknowledgment of our
expertise and experiences in the eGovernment sector", said Martin
Kohut, Managing Director Ness Slovakia. "We undertake a high
responsibility with this project; both to the GCCA and particularly
to the citizens of Slovakia. This engagement is in line with our
goal to provide sophisticated, well-functioning online services to
citizens and thus to contribute to the automation of our society."
Over the next 36 months, the engagement team will centralize
Slovakia's currently distributed real estate cadastre information
system, thus creating a unified and data-consistent source of land
registry information. At the same time, the team will make the
system accessible to and applicable for routine real estate legal
transactions such as registering new properties, updating or
assigning property deeds, and getting information on the processing
status of applications filed by citizens. The system will also
produce property deed abstracts for legal actions, copies of
cadastral maps with valid vector cadastral coordinates, and
registry information on owners and other authorized persons. DWC
Slovakia is a well-established provider of document management
solutions for the public administration sector. It has
long-standing practical experiences and specialized know-how in the
areas of document governance, document management systems and
enterprise content management About Ness Technologies Ness
Technologies (NASDAQ:NSTCNASDAQ:andNASDAQ:TASE:NSTC) is a global
provider of IT and business services and solutions with specialized
expertise in software product engineering; system integration,
application development and consulting; and software distribution.
Ness delivers its portfolio of solutions and services using a
global delivery model combining offshore, near-shore and local
teams. With about 7,800 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/. Ness Slovakia, a subsidiary of Ness
Technologies, ranks as one of the most important companies on the
Slovak IT market. It specializes in providing end-to-end IT
solutions and services for the most prominent local companies in
the electrical power industry and utilities, state and local
government, financial services, telecommunications, manufacturing
and services. 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 on Form 10-K filed with the Securities and Exchange
Commission on March 17, 2008. 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 - International: David Kanaan USA: +1-888-244-4919
Intl: +972-3-540-8188 Email: Ness Technologies media contact -
Slovakia: NESS Slovensko, a.s. Silvia Pullmannova Marketing
Director tel.: +421-2-58261-000 fax: +421-2-58261-777 mobile:
+421-0908-960-113 email: SEESAME Communication Experts Viktor
Skulec tel.: +421-917-654-602 fax: +421-2-4333-0003 e-mail: Ness
Technologies investor contact: Drew Wright USA: +1-201-488-3262
Email: DATASOURCE: Ness Technologies Inc CONTACT: Ness Technologies
media contact - International: David Kanaan, USA: +1-888-244-4919,
Intl: +972-3-540-8188, Email: ; Ness Technologies media contact -
Slovakia: NESS Slovensko, a.s., Silvia Pullmannova, Marketing
Director, tel.: +421-2-58261-000, fax: +421-2-58261-777, mobile:
+421-0908-960-113, email: ; SEESAME Communication Experts, Viktor
Skulec, tel.: +421-917-654-602, fax: +421-2-4333-0003, e-mail: ;
Ness Technologies investor contact: Drew Wright, USA:
+1-201-488-3262, Email:
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