HACKENSACK, New Jersey and
MUNICH, January 13, 2011 /PRNewswire-FirstCall/ --
- Software Product Lab in Bangalore,
India Will Participate in the Development of the Next
Generation Loyalty Management Suite
Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global
provider of information technology solutions and services,
announced today that its Software Product LabsSM business unit has
been selected by Loyalty Partner Solutions GmbH to extend its
software product engineering capability. Loyalty Partner Solutions
will utilize Ness Software Product Labs' global development center
in Bangalore to build the next
generation of its Loyalty Management Suite (LMS). Loyalty Partner
Solutions expects to invest up to $6
million with Ness over the three year engagement.
"We are pleased to partner with Ness Software Product Labs as we
relaunch our Loyalty Management Suite and new programs for our
customers," said Andreas Berninger,
Managing Director of Loyalty Partner Solutions. "Our software
development partner has to be very professional, flexible, quality
orientated and provide scalable qualified resources to meet our
timelines. Ness seems to be the right choice. We look forward to a
long and successful partnership with them." Loyalty Partner
Solutions, a subsidiary of Loyalty Partner, is Europe's leading provider of loyalty program
management solutions to the retail, travel and transportation
industries. The company provides the technology behind Payback,
Europe's largest loyalty and bonus
program, and the loyalty programs of Deutsche Bahn AG, Germany's national railway company, as well as
one of the largest European airlines.
For the development of LMS, Ness Software Product Labs will
leverage its Adaptive Agile framework for distributed teams. LMS is
a flexible software platform that helps its clients successfully
develop and operate customer loyalty programs. The modular system
maps the full chain of customer loyalty activities - from
administering the card and account logic to managing redemption
processes and conducting marketing campaigns. LMS can be integrated
into any existing IT landscape. The team will use Ness'
SmartCollaborate platform to enable effective collaboration
throughout the development lifecycle.
"Loyalty Partner Solutions is established as a leading provider
of loyalty programs in the travel segment, a key focus area for
Ness Software Product Labs," said Holly
Ripley-Boyd, President, Ness Software Product Labs. "We are
pleased to partner with Loyalty Partner Solutions on their global
software development initiatives as they bring their new suite to
market and expand their market opportunity."
About Loyalty Partner and Loyalty Partner Solutions
Loyalty Partner GmbH, one of the leading international providers
of loyalty management solutions, operates multi-partner loyalty
programs and supplies its clients with performance marketing
solutions through Payback. Through Loyalty Partner Solutions, the
company also offers its clients IT solutions to boost customer
loyalty. With over 500 employees Loyalty Partner generates annual
sales of EUR 209 million. The company
is headquartered in Munich, with
subsidiaries in the U.K., France,
Spain and Poland. In June
2010, Loyalty Partner has taken over a controlling stake in
i-mint, India's leading loyalty
program.
http://www.lpsolutions.com.
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global
provider of IT and business services and solutions with specialized
expertise in software product engineering; and system integration,
application development, 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 has operations in North America, Europe, Israel and India, has customers in over 20 countries, and
partners with numerous software and hardware vendors worldwide. For
more information about Ness, 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, 2010. Ness is under no obligation, 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.
Media Contact:
Gretchen Rice
Phone: +1-781-743-0704
Email: gretchen.rice@ness.com
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
Investor Relations Contact:
Drew Wright
USA: +1-201-488-3262
Email: investor@ness.com
SOURCE Ness Technologies Inc