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
Volume: | - |
Day Range: | |
Bid: | |
Ask: | |
Last Trade Time: | |
Total Trades: |
Recent NSTC News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2025 10:20:07 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 11/29/2024 10:02:58 PM
Good Gaming Inc. Announces ViaOne Services' Intent to Purchase Up to 10% of Its Common Shares in the Open Market • GMER • Jan 16, 2025 8:30 AM
Avant Technologies and Ainnova Begin Implementing and Testing Advanced AI Algorithms for Early Detection of Additional Diseases • AVAI • Jan 16, 2025 8:00 AM
VOCODIA HOLDINGS INC. (OTCMKTS: VHAI) and TRACCOM INC. (OTCMKTS: TRCC) have signed an MOU to form a Joint Venture that will Revolutionize Event Monitoring with Narrative AI • VHAI • Jan 15, 2025 2:53 PM
UAV Corp (OTC: UMAV) Engages Legal Counsel to Initiate Uplisting Process with Ultimate Goal of NASDAQ Listing • UMAV • Jan 15, 2025 8:30 AM
HealthLynked Welcomes Jeremy Daniel as Chief Financial Officer • HLYK • Jan 15, 2025 8:00 AM
Zefiro Methane Corp. Subsidiary Awarded Slate of Government of Ohio-Funded Environmental Remediation Projects • ZEFI • Jan 15, 2025 7:33 AM