Federman & Sherwood Announces Investigation of Ness Technologies Inc.

The law firm of Federman & Sherwood has initiated an investigation into Ness Technologies Inc. (NASDAQ: NSTC) with respect to possible breaches of fiduciary duty by the company’s officers and directors, as well as violations of state law, in connection with its proposed sale and merger with Citi Venture Capital International (“Citi”).

On June 10, 2011, Ness Technologies Inc. announced that it has agreed to be acquired by Citi in a total cash deal of $307 million. The parent of Citi Venture Capital International currently owns a 9.6% share in Ness Technologies, Inc. Federman & Sherwood is investigating whether the proposed merger makes all necessary disclosures to stockholders, whether it offers adequate long-term value to the Company’s shareholders, and whether Ness Technologies Inc. could have received a higher valuation for its shareholders by aggressively seeking other purchasers, since at least one analyst had set a target price of $8.00 per share for Ness Technologies Inc. stock.

If you currently own common stock in Ness Technologies Inc., have information to assist in our investigation, or have any questions or concerns regarding this notice or preservation of your rights, please contact William B. Federman. Federman & Sherwood has extensive experience representing investors in securities, derivative and merger-related shareholder class actions in state and federal courts nationwide.

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