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Ness Wins 10Yr $8.5M Contract

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ByloCellhi   Monday, 12/19/05 08:56:38 AM
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Ness Wins 10Yr $8.5M Contract

Ness Technologies Wins Ten-Year $8.5 Million Outsourcing Contract With Israel's Yellow Pages
Monday December 19, 6:01 am ET


HACKENSACK, New Jersey, December 19 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC - News), a global provider of IT solutions and services, today announced that it has won a ten-year outsourcing contract worth approximately $8.5 million with Israel's Yellow Pages. The contract represents one of the largest outsourcing projects in Israel. The project includes overall responsibility for Yellow Pages' IT infrastructure and support for the company's 500 users.

The outsourcing project at Israel's Yellow Pages raises the joint activity between Ness and Yellow Pages to a new level. Over the past three years, Ness Technologies has provided Israel's Yellow Pages with IT operation and support services, including the implementation of service and support methodologies. Ness' strong capabilities in operating Israel's Yellow Pages' IT site gave the company a clear advantage in Yellow Pages' decision to choose Ness as its outsourcing vendor.

"The fact that Israel's Yellow Pages selected the outsourcing model reflects a growing trend among organizations that prefer to outsource their IT operations to specialized vendors," said Shachar Efal, President of Ness Israel. "This trend enables companies to focus on their core business, streamline and conserve resources without having to give up on implementing the most advanced technologies."

"Technological innovation and progress are of utmost importance to Yellow Pages, especially in light of the company's accelerated penetration into digital media - the Internet, cellular communications and interactive TV," said Eyal Carmeli, Deputy CEO of Israel's Yellow Pages. "We believe that the transition to a full outsourcing model will reduce IT costs, while keeping the company technologically current at any given point in time. We view Ness Technologies as a partner responsible for the company's IT infrastructure and for user support."

Ness Technologies continues to establish itself as the leading company in the Israeli outsourcing industry, a position reflected in various market studies. The contract awarded to Ness by Israel's Yellow Pages follows additional outsourcing projects conducted by Ness Technologies for such companies as the First International Bank of Israel; Migdal Insurance Company; Hagichon - the Jerusalem Municipality's water and wastewater corporation; Tadiran Systems; Sano; Rav-Bariach; the Academic College of Tel Aviv-Jaffa; Sheba Hospital; Mul-T-Lock; ORT; Partner Communications; Applied Materials; insurance agencies; pension funds; YES - Israel's satellite television broadcaster; the Industrial Development Bank of Israel, and others.

About Israel's Yellow Pages

Israel's Yellow Pages provides comprehensive and dynamic information about products, services and businesses, and provides tools for choosing among them. The company also provides aids for completing transactions between buyers and sellers, anywhere - on the company's website (www.d.co.il), on cellular phones, and in 80 printed guides with a circulation of 5 million copies distributed for free.

These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company
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