HACKENSACK, New Jersey: Ness
Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of IT
services and solutions, announced today that its Software Product LabsSM
business unit has signed an extension of its development contract with
NAVTEQ, the leading global provider of maps, traffic and
location-data-enabling navigation, location-based services and mobile
advertising around the world. For the past three years, Ness Software Product
Labs has provided software product development services to NAVTEQ from labs
in India and Slovakia. The new three year deal extends and expands the large
global development center in Kosice, Slovakia.
"We are extremely pleased with the level of technical excellence and
results the Ness team has delivered over the past three years," said Amreesh
Modi, chief technology officer and executive vice president, NAVTEQ. "Ness'
Kosice center provides us with the right mix of skills and resources to meet
our requirements for high quality, creativity and innovation. We look forward
to our continued collaboration."
"The extension of the contract reflects our commitment to developing
strong relationships with our clients and delivering superior results," said
Sachi Gerlitz, president and CEO, Ness Technologies. "At the heart of this
relationship is a shared dedication to excellence and quality that ensures
that our goals are well aligned. We look forward to helping NAVTEQ develop
cutting edge products to meet the increasing demand of its customers."
The Ness Software Product Labs team members in Kosice have worked closely
with NAVTEQ teams to develop a wide variety of NAVTEQ products. The team
utilizes the Agile software product development methodology in close
collaboration with NAVTEQ teams in Frankfurt, Germany and Chicago to speed
development cycles and shorten time to market. In the coming three years, the
Ness team will continue working closely with NAVTEQ on important initiatives
to develop the next generation of NAVTEQ's mapping products.
"Our collaboration with NAVTEQ has provided many software engineers in
Kosice with the opportunity to work locally for a prestigious international
customer, to affirm their skills, and achieve successes that are highly
acknowledged abroad," said Martin Kohut, country manager, Ness Slovakia. "Our
activities involve so much more than software product maintenance and
enhancement. The center in Kosice, to a great extent, participates in
developing and creating new attributes and functionality that distinguish
NAVTEQ from its competitors."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global provider of
IT and business services and solutions with specialized expertise in software
product engineering; and system integration, application development,
consulting and software distribution. Ness delivers its portfolio of
solutions and services using a global delivery model combining offshore,
near-shore and local teams. With about 7,800 employees, Ness has operations
in North America, Europe, Israel and India, has customers in over 20
countries, and partners with numerous software and hardware vendors
worldwide. For more information about Ness, visit http://www.ness.com.
About NAVTEQ
NAVTEQ is the leading global provider of maps, traffic and location data
(digital location content) enabling navigation, location-based services and
mobile advertising around the world. NAVTEQ supplies comprehensive digital
location content to power automotive navigation systems, portable and
wireless devices, Internet-based mapping applications and government and
business solutions. The Chicago-based company was founded in 1985 and has
approximately 5,100 employees located in 212 offices in 48 countries. For
more information about NAVTEQ, visit http://www.navteq.com. NAVTEQ is a
trademark in the U.S. and other countries. All rights reserved.
Forward Looking Statement
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements often are preceded by words such as "believes," "expects," "may,"
"anticipates," "plans," "intends," "assumes," "will" or similar expressions.
Forward-looking statements reflect management's current expectations, as of
the date of this press release, and involve certain risks and uncertainties.
Ness' actual results could differ materially from those anticipated in these
forward looking statements as a result of various factors. Some of the
factors that could cause future results to materially differ from the recent
results or those projected in forward-looking statements include the "Risk
Factors" described in Ness' Annual Report of Form 10-K filed with the
Securities and Exchange Commission on March 15, 2010. Ness is under no
obligation, and expressly disclaims any obligation, to update or alter its
forward-looking statements, whether as a result of such changes, new
information, subsequent events or otherwise.
Media Contacts:
North America
Gretchen Rice
Phone: +1-781-743-0704
Email: gretchen.rice@ness.com
Israel
David Kanaan
Phone: +972-54-425-5307
Email: media.int@ness.com
Slovakia
Silvia Pullmannova
Phone: +421-2-58261-000
Email: silvia.pullmannova@ness.com
Investor Relations Contacts:
Drew Wright
USA: 1-201-488-3262
Email: investor@ness.com
Maya Lustig
Israel: +972-3-767-5110
Email: maya.lustig@ness.com
SOURCE Ness Technologies Inc