Ness Technologies Inc (NSTC)

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Ness wins $10m. IDF contract
By AVI KRAWITZ


IT solutions provider Ness Technologies has won a $10 million IDF contract to develop and implement its next generation central command-and-control system, the company said Thursday.

Tel Aviv-based Ness said it will develop the system in cooperation with the IDF.

The system, which will provide a unified, integrated situation picture, will be employed by the IDF high command, including the various directorates, regional commands and branches.

"We see this as an important industry milestone in military projects," Aviv Zoller, president and CEO of Ness Technologies said. "This central and large-scale project of Israel Defense Forces is one of the most prestigious projects in this field."

Michael Zinderman, president of Telecom and Systems Group at Ness, added that the challenge of this project will be to create an updated and integrated situation picture for the IDF decision makers.

"The system is planned generically, so it will be suitable for a wide variety of additional national security purposes," Zinderman said.

Ness has operations in 15 countries across North America, Europe and Asia, but most of its business is in Israel.

In July, the company received the 2005 Israel Defense Prize for its development of a visual intelligence system used by the defense establishment in fighting terror.

The company had a successful initial public offering on the Nasdaq in October, raising $140 million.

The share remained unchanged at $8.90 in afternoon trading in New York.

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