TEANECK, New Jersey,
April 13, 2011 /PRNewswire-FirstCall/
-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global
provider of IT services and solutions, announced today that it has
been awarded an NIS 60 million, or
approximately $17.3 million,
engagement from Israel Electric Corporation (IEC) to implement
SAP-based projects, including software testing. Ness won the deal
as lead contractor in an international public tender.
The projects include implementation of SAP solutions for the
maintenance of power stations and the electricity network, real
estate management, financing transactions, oil and gas management
and other functions. The implementation of these solutions will be
conducted over the next five years. In addition to implementing the
projects, Ness will continue to help in the maintenance of IEC's
existing SAP ERP over the next five years.
"Ness was selected following a rigorous evaluation process,"
said Yosi Shneck, VP and head of Information Systems &
Communications Division, IEC. "Based on our successful experience
with Ness in the implementation of our ERP systems, we are
convinced that Ness will help us meet our goals and successfully
implement applications that will provide an added value to IEC and
its customers."
"We will provide IEC, which is a strategic client, with our
extensive experience and expertise in the utilities industry,
including experts from Israel as
well as from our subsidiaries in Eastern
Europe, where we routinely conduct similarly complex
projects for European utilities companies," said Effi Kotek, President of Ness Israel. "IEC's
selection of Ness for these important projects underscores our
position as Israel's leading SAP
systems integrator and implementer."
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 7,700 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 on Form 10-K filed with the
Securities and Exchange Commission on March
4, 2011. 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:
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
Maya Lustig
Israel: +972-3-767-5110
Email: maya.lustig@ness.com
SOURCE Ness Technologies Inc