Thomson Reuters Israel Extends Outsourcing Services Agreement with Ness Technologies for Additional Four Years

USA - English

• USA - English
• USA - English

HACKENSACK, New Jersey, February 1 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of IT services and solutions, today announced that it would provide outsourcing services to Thomson Reuters Israel for an additional four years. Ness Technologies, which has worked with Thomson Reuters for the past five years, will continue to provide technical and IT infrastructure services, including installations and IT support for Thomson Reuters Israel's clients.

Ness Technologies' outsourcing experts provide continuing on-site support and maintenance services to Thomson Reuters' clients across Israel, including all dealing rooms, brokers, assets management companies, leading corporations and leading Israeli websites. In addition to the ongoing systems maintenance, Ness will install Thomson Reuters' systems in banks, conduct upgrades, handle satellite dishes, and perform ongoing work vis-a-vis British Telecom in London.

"As Thomson Reuters' systems are very sensitive and impact on a large population, directly or indirectly, the quality of the team and the service is critical," said Effi Kotek, President of Ness Israel. "The skill and the extensive experience of Ness Technologies' outsourcing team, who support and maintain the systems in the best way, led to the extension of the successful collaboration between Ness Technologies and Thomson Reuters."

"Thomson Reuters Israel serves financial customers and customers from the media employing specialized systems," said Amnon Ortner, Thomson Reuters Israel's Manager. "Professionalism and quick response times are the basis for technical service. At Ness, we found an understanding of the very unique needs of our clients, in both technological knowledge and the required service level."

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. The company combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in more than 100 countries. For more information, go to http://www.thomsonreuters.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; 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.

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 16, 2009. 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.

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SOURCE Ness Technologies Inc