Small-Cap Investor Forum

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Ness Technologies, Inc. (NSTC) and Menora Mivtachim Group Announce the Signing of Multi-Million Dollar SAP ERP Implementation Contract

Ness Technologies, Inc., a company that works with its subsidiaries to provide information technology (IT) and business services and solutions in North America, Europe, Israel, and India, has announced a multi-million dollar SAP ERP implementation and maintenance contract with Menora Mivtachim Group, an Israeli leader in insurance groups. This contract will include the implementation of a company-wide, SAP based, enterprise resource planning (ERP) system at Menora Mivtachim Group with support, maintenance, and development service for a period of five years.

The New ERP system comprises logistics, human resources, financial, and profit analysis modules, as well as other modules related to insurance. The new system will upgrade numerous procurement and financial processes, improving the efficiency of the company, which includes human capital issues among others, and to help Menora Mivtachim offer its customers the highest level of service.

“The new ERP system will serve most of the companies of Menora Mivtachim Group, enabling optimal control over Menora Mivtachim’s resources and business activity while satisfying relevant regulatory directives,” said Moti Rosen, Chief Executive Officer of Menora Mivtachim. “We selected Ness Technologies due to its proven experience, knowledge and capabilities in large and complex ERP projects, as well as its unique knowledge of the Israeli insurance market’s needs.”

“This contract reflects our excellent reputation as a market leader in implementing innovative and sophisticated solutions in the insurance industry – and ERP systems in particular – combined with integration, testing and implementation capabilities; as does the recent successful launch of an ERP system we implemented for a large Israeli insurance company,” said Effi Kotek, President of Ness Israel. “We will harness the expertise and experience gained by Ness globally to ensure that Menora Mivtachim will receive the highest quality system and the best customer service.”

Get more news and information on Menora Mivtachim Group at: http://www.menoramivt.co.il

For more information on Ness Technologies, Inc., visit their company website at http://www.ness.com