Ness Technologies Inc (NSTC)

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Ness Technologies Named to Software Magazine's 23rd Annual Software 500
Monday October 10, 7:00 am ET
Software Magazine Ranks Ness Technologies as one of the World's Largest Software Companies


HACKENSACK, New Jersey, October 10 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC - News), a global provider of IT solutions and services, today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalog on www.Softwaremag.com.

Ness Technologies was ranked 120. Ness Technologies' 2004 total revenues were $305 million, representing an increase of close to 35% year-over-year. Revenues for the first half of 2005 were $183 million.

"It is a great honor for Ness Technologies to be recognized by Software Magazine as one of the world's largest software companies, and it validates our successful global growth strategy," said Raviv Zoller, President and CEO of Ness Technologies. "This is recognition of the commitment of our customers and partners, and the hard work and dedication of our talented employees. We are well positioned for continued leadership in the IT services market worldwide."

"The overall health of the software and services industries has improved, with revenue for the 2005 software 500 at $383.3 billion worldwide for 2004, an increase of 16.5% over the previous year. The industry continues to be dynamic, with nearly 100 new companies on the 2005 Software 500 list," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "Employee head count was up 13.7% and was strongest in the segments of collaboration/project management, system integration services and IT consulting, and the supply chain/manufacturing software segment."

The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The list includes both private and public companies; 28% of the 2004 Software 500 companies are private. The Software 500 is searchable by primary business sector on www.Softwaremag.com, free to all site registrants. "The online Software 500 is a valuable resource for CIOs, senior IT managers and IT staff for researching their vendor partner options. It is a quick reference of vendor viability," Desmond says.

The ranking is based on total worldwide software and service revenue for 2004. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.

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 5,500 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.

About King Content Co. and Software 500 Marketing Perspectives Conference & Expo

King Content Co., owner of Software Magazine, this year is launching the Software 500 Marketing Perspectives Conference & Expo, being held Oct. 11-12, 2005 at the Hyatt Regency Cambridge in Cambridge, Mass. The SMP event will bring together high technology product managers, marketing and public relations professionals for a two-day conference program. Increase your personal success and make peer-to-peer personal connections with in-depth technical discussions by attending the event. For more information and to register, go to www.smpevent.com

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