Ness Technologies Inc (NSTC)

[midastouch017]

Ness Technologies Awarded Offshore Contract by Hollywood Media Corp.
Tuesday September 13, 6:07 am ET


HACKENSACK, New Jersey, September 13 /PRNewswire-FirstCall/ -- Ness Technologies Inc. (NASDAQ: NSTC - News), a global provider of information technology solutions and services, today announced that it has been awarded an offshore contract by Hollywood Media Corp. (NASDAQ: HOLL - News), a leading provider of news, information and ticketing covering the entertainment and media industries. Under the terms of the multi-year contract, Ness Technologies will establish its team to perform information technology services for Hollywood Media at Ness' existing Managed Strategic Services facility in Mumbai, India.


The Ness team will assist Hollywood Media Corp. with its software development requirements and initiatives. In addition, Ness will support the maintenance of Hollywood Media's information technology (IT) platform, environment and applications, including providing back-end support for Hollywood Media's various Internet properties.

Ness Managed Strategic Services has two offshore centers in India, in Mumbai and Bangalore. Ness' Mumbai Center specializes in applications development, maintenance and support (ADM/S) and serves information technology (IT) and information systems (IS) organizations. Ness' Bangalore Center houses software R&D Labs for over 20 Independent Software Vendors (ISVs).

"Our rapid growth has led us to retain an established company like Ness Technologies to help support and enhance our growth efforts while also allowing us to reduce some internal costs," said Mitchell Rubenstein, Hollywood Media's Chief Executive Officer. "Together we expect to improve Hollywood Media's information systems capabilities, including streamlining our IT operations and enhancing our technology to better serve our customers and accelerate our back-end processing. We anticipate a win-win scenario for both Hollywood Media and Ness Technologies, as well as our customers. This is only the first step in our offshoring plans."

"We understand that the entertainment and media industry demands continuous innovation while coping with cost constraints," said Shashank Samant, President of Ness Managed Strategic Services. "Ness' offshore proposition coupled with the innovation experience of Ness Managed Labs provides a strong combination, thus offering an effective edge to Hollywood Media in the IT/IS area. We are delighted that Hollywood Media has selected us to be their partner in achieving their innovation goals."

About Hollywood Media Corp.

Hollywood Media Corp. is a leading provider of news, information and ticketing covering the entertainment and media industries. On the strength of its history in developing comprehensive entertainment industry databases, as well as its major strategic partners and unique content, Hollywood Media has launched a network of media businesses. Hollywood Media's Data Business includes CinemaSource, EventSource, ExhibitorAds and Baseline/StudioSystems. Hollywood Media's Broadway Ticketing business includes Broadway.com, 1-800-Broadway and Theatre Direct International. These services supply media outlets with specific information on entertainment events, such as movies, live theater and concerts, and sell tickets for Broadway shows. Hollywood Media's businesses also include an intellectual property business, as well as Hollywood.com and a minority interest in MovieTickets.com. In addition, Hollywood Media owns and operates the cable television network, Hollywood.com Television.

About Ness Technologies

Ness Technologies (NASDAQ: NSTC - News) is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Specializing in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training, Ness serves a blue-chip client base of over 500 public- and private-sector customers. With over 5,000 employees, Ness maintains operations in 15 countries across North America, Europe and Asia Pacific, and more than 100 alliances and partnerships around the world. For more information about Ness, visit www.ness.com.

http://biz.yahoo.com/prnews/050913/uktu009.html?.v=27

Dubi