Ness Technologies awarded Hollywood Media IT contract
The outsourcing project will be handled by Ness' managed strategic services facility in Mumbai, India.
Globes correspondent 13 Sep 05 16:19
Information technology (IT) solutions and services provider Ness Technologies (Nasdaq: NSTC) today announced that it has been awarded an offshore contract by Hollywood Media Corp. (Nasdaq: HOLL). No value was disclosed.
Hollywood Media Corp. is a provider of news, information and ticketing covering the entertainment and media industries. 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.
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 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 IT and information systems (IS) organizations. Ness' Bangalore Center houses software R&D Labs for over 20 independent software vendors (ISVs).
Hollywood Media CEO Mitchell Rubenstein said, "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. This is only the first step in our offshoring plans.”
Also today, Ness announced the appointment of Shashank Samant as president of Ness Managed Strategic Services. Shashank will be responsible for two of the company’s core groups, Life Sciences and Specialty Solutions Group (LSS), which provides custom application development and systems integration services to leading pharmaceutical and biotechnology companies; and Ness Managed Labs, which provides offshore development services to ISVs.
Published by Globes [online], Israel business news - www.globes.co.il - on Tuesday, September 13, 2005
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