Home > Boards > US Listed > Computers - Software > Ness Technologies Inc (NSTC)

Ness Technologies Wins $17 Million Deal With Israel

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
johnsyn Member Profile
Followed By 65
Posts 16,392
Boards Moderated 2
Alias Born 02/14/11
160x600 placeholder
johnsyn   Wednesday, 04/13/11 09:53:44 AM
Re: ucantfoolmee post# 120
Post # of 133 
Ness Technologies Wins $17 Million Deal With Israel Electric Corporation

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."

Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201104130600pr_news_usprx____ukw559&title=ness-technologies-wins-17-million-deal-with-israel-electric-corporation#ixzz1JPYJWKyn

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist