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Ness Technologies Wins Strategic Contract at Raiffeisenbank a.s. for Document Management System
The Contract Will Result in a Multi-Million Dollar Project
PRAGUE, Czech Republic, March 10, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of IT services and solutions, announced today that it has been chosen by
Raiffeisenbank a.s. as strategic partner and supplier of a Document
Management System (DMS), which will run on the Documentum platform.
Raiffeisenbank a.s. is part of Raiffeisen International, a major regional
banking group in Central and Eastern Europe. The new contract will result in
a multi-million dollar project.
The new cooperation is part of a long-term strategic partnership with the
bank. Ness Technologies has been a strategic partner of Raiffeisenbank a.s in
the Czech Republic in the business Intelligence area for over 5 years. In
November 2009, Raiffeisenbank renewed its partnership with Ness, as part of
which it awarded Ness a previously unannounced major contract extension for
these business intelligence services, valued at more than $6 million
annually.
"Ness has been one of Raiffeisenbank's key suppliers since 2001," said
Martin Kolouch, member of Raiffeisenbank a.s's. Board of Directors and
responsible for information technology. "Not only has Ness proven its high
expertise during the selection process, but it has also offered the solution
most suited to meet the bank's requirements. Ness successfully conducted a
number of key business intelligence projects for us, such as data integration
during our merge with eBanka, the creation of an Operational Data Store (ODS)
and a project of analytical CRM, which was successfully finalized and
accepted at the beginning of this year. We expect the DMS to be the next
successful project."
"We are confident that our experience and expertise in BI and document
management will, among other things, contribute to successful implementation
of the bank's new core banking system," said Rostislav Haufer, Senior
Partnership Manager at Ness Czech, who has been responsible for Ness'
strategic partnership with Raiffeisenbank a.s., over the last four years."
The DMS solution proposed by Ness is based on EMC xCelerated Composition
Platform (xCP), which offers a significant cost savings of up to 50% in the
area of customisation. At the same time it allows for a flexible response to
the business requirements of the banking industry and for modification of
user screens according to users' job profiles. The savings of costs in the
user training area is yet another benefit delivered by the chosen platform.
Minimizing the costs of integrating the DMS with the bank's existing
infrastructure is made possible due to EMC Process Integrator, one of the key
components of the proposed solution. EMC Process Integrator supports two-way
communication and integration with other systems and reduces the upgrade and
operating costs of the DMS system.
About Raiffeisenbank a.s.
Raiffeisenbank, a.s. is the fifth largest bank in the Czech Republic, and
it has offered a wide range of banking services to private and corporate
clients in the Czech Republic since 1993. In 2006 it merged with eBanka and
the integration process completed in summer 2008. Raiffeisenbank serves
clients in more than 100 branches and client center, also provides
specialized mortgage center, personal, corporate and business advisers. The
bank's majority shareholder is the Austrian financial institution Raiffeisen
International Bank Holding AG. Raiffeisen International operates in 17
markets and serves 15 million clients at 3,200 business sites. Since 2005 the
group shares are listed on the Vienna Stock Exchange. The main shareholder is
the RZB Group holding more than two-thirds of the bank's shares. The
remaining one third of the shares is freely traded. For more information
about Raiffeisenbank a.s. visit http://www.rb.cz/en/
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; system integration, application development and
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 maintains
operations in 18 countries, and partners with numerous software and hardware
vendors worldwide. For more information about Ness Technologies, visit
http://www.ness.com.
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 on Form 10-K filed with the
Securities and Exchange Commission on March 16, 2009. Ness is under no
obligation to, 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 - International:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
Ness Technologies investor contact:
Drew Wright
USA: +1-201-488-3262
Email: investor@ness.com
Media Contact - Czech Republic:
Stance Communications, s.r.o.
Petr Pluhacek
Tel: +420-224-810-809
GSM: +420-725-837-673
E-mail: petr.pluhacek@stance.cz
Source: Ness Technologies Inc
Media Contacts - International: David Kanaan, Intl: +972-54-425-5307, Email: media.int@ness.com; Ness Technologies investor contact: Drew Wright, USA: +1-201-488-3262, Email: investor@ness.com; Media Contact - Czech Republic: Stance Communications, s.r.o., Petr Pluhacek, Tel: +420-224-810-809, GSM: +420-725-837-673, E-mail: petr.pluhacek@stance.cz
Ness Technologies Wins Strategic Contract at Raiffeisenbank a.s. for Document Management System
The Contract Will Result in a Multi-Million Dollar Project
PRAGUE, Czech Republic, March 10, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of IT services and solutions, announced today that it has been chosen by
Raiffeisenbank a.s. as strategic partner and supplier of a Document
Management System (DMS), which will run on the Documentum platform.
Raiffeisenbank a.s. is part of Raiffeisen International, a major regional
banking group in Central and Eastern Europe. The new contract will result in
a multi-million dollar project.
The new cooperation is part of a long-term strategic partnership with the
bank. Ness Technologies has been a strategic partner of Raiffeisenbank a.s in
the Czech Republic in the business Intelligence area for over 5 years. In
November 2009, Raiffeisenbank renewed its partnership with Ness, as part of
which it awarded Ness a previously unannounced major contract extension for
these business intelligence services, valued at more than $6 million
annually.
"Ness has been one of Raiffeisenbank's key suppliers since 2001," said
Martin Kolouch, member of Raiffeisenbank a.s's. Board of Directors and
responsible for information technology. "Not only has Ness proven its high
expertise during the selection process, but it has also offered the solution
most suited to meet the bank's requirements. Ness successfully conducted a
number of key business intelligence projects for us, such as data integration
during our merge with eBanka, the creation of an Operational Data Store (ODS)
and a project of analytical CRM, which was successfully finalized and
accepted at the beginning of this year. We expect the DMS to be the next
successful project."
"We are confident that our experience and expertise in BI and document
management will, among other things, contribute to successful implementation
of the bank's new core banking system," said Rostislav Haufer, Senior
Partnership Manager at Ness Czech, who has been responsible for Ness'
strategic partnership with Raiffeisenbank a.s., over the last four years."
The DMS solution proposed by Ness is based on EMC xCelerated Composition
Platform (xCP), which offers a significant cost savings of up to 50% in the
area of customisation. At the same time it allows for a flexible response to
the business requirements of the banking industry and for modification of
user screens according to users' job profiles. The savings of costs in the
user training area is yet another benefit delivered by the chosen platform.
Minimizing the costs of integrating the DMS with the bank's existing
infrastructure is made possible due to EMC Process Integrator, one of the key
components of the proposed solution. EMC Process Integrator supports two-way
communication and integration with other systems and reduces the upgrade and
operating costs of the DMS system.
About Raiffeisenbank a.s.
Raiffeisenbank, a.s. is the fifth largest bank in the Czech Republic, and
it has offered a wide range of banking services to private and corporate
clients in the Czech Republic since 1993. In 2006 it merged with eBanka and
the integration process completed in summer 2008. Raiffeisenbank serves
clients in more than 100 branches and client center, also provides
specialized mortgage center, personal, corporate and business advisers. The
bank's majority shareholder is the Austrian financial institution Raiffeisen
International Bank Holding AG. Raiffeisen International operates in 17
markets and serves 15 million clients at 3,200 business sites. Since 2005 the
group shares are listed on the Vienna Stock Exchange. The main shareholder is
the RZB Group holding more than two-thirds of the bank's shares. The
remaining one third of the shares is freely traded. For more information
about Raiffeisenbank a.s. visit http://www.rb.cz/en/
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; system integration, application development and
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 maintains
operations in 18 countries, and partners with numerous software and hardware
vendors worldwide. For more information about Ness Technologies, visit
http://www.ness.com.
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 on Form 10-K filed with the
Securities and Exchange Commission on March 16, 2009. Ness is under no
obligation to, 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 - International:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
Ness Technologies investor contact:
Drew Wright
USA: +1-201-488-3262
Email: investor@ness.com
Media Contact - Czech Republic:
Stance Communications, s.r.o.
Petr Pluhacek
Tel: +420-224-810-809
GSM: +420-725-837-673
E-mail: petr.pluhacek@stance.cz
Source: Ness Technologies Inc
Media Contacts - International: David Kanaan, Intl: +972-54-425-5307, Email: media.int@ness.com; Ness Technologies investor contact: Drew Wright, USA: +1-201-488-3262, Email: investor@ness.com; Media Contact - Czech Republic: Stance Communications, s.r.o., Petr Pluhacek, Tel: +420-224-810-809, GSM: +420-725-837-673, E-mail: petr.pluhacek@stance.cz