Ness Technologies Wins $17 Million Land Registry Contract in Slovakia

BRATISLAVA, Slovakia, November 9 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: 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: NSTC and 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.

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    NESS Slovensko, a.s.
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SOURCE Ness Technologies Inc