Singapore, November 6, 2006. Ness Technologies (NASDAQ: NSTC), a global provider of IT services and solutions, announced today that its Asia Pacific operation has been awarded the International Headquarters (IHQ) status by Singapore’s Economic Development Board (EDB).
Ness Asia Pacific specializes in a variety of IT services and solutions, including ERP, application development, data warehousing and Enterprise Application Integration (EAI). Ness Asia Pacific serves clients across multiple sectors and technologies with a focus on banking, manufacturing, government and telecom.
IHQ status is granted by EDB to premier corporations that demonstrate their commitment to strategically leverage on Singapore’s unique strengths as an investment destination and locate their regional headquarters in Singapore. The IHQ status offers various incentives, including tax benefits.
“Ness Technologies is honored to be awarded the prestigious IHQ status from the Economic Development Board of Singapore," said Madhujeet Chimni, Senior Vice President and Managing Director, Ness Asia Pacific. "Asia Pacific is an exciting IT market with a rapidly growing demand for innovative solutions and services. This award recognizes Ness Technologies' commitment to the fast growing Asia Pacific region. Singapore is an ideal regional business hub and our new IHQ status will strengthen our position and accelerate our growth in this area by adding tremendous value to our relationships with customers and partners in the region."
"The IHQ status is another milestone in our global growth strategy" said Raviv Zoller, President and CEO of Ness Technologies. "The Asia Pacific region is one of the world's fastest growing regions, and for Ness, as a global company, it presents significant growth opportunities. We admire the success of Singapore in creating the conditions needed for global companies to prosper, and feel privileged to be here."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC) is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With 7,200 employees, Ness maintains operations in 14 countries, and partners with over 100 software and hardware vendors worldwide.
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, 2006.
Media contact in Singapore:
Madhujeet Chimni
Ness Asia Pacific
+65 81833978
Email: madhujeet.chimni@ness-gsg.com
International Media contact:
David Kanaan
Ness Technologies
USA: 1-888-244-4919
Intl: +972-3-540-8188
Email: media.int@ness.com
Investor contact:
Drew Wright
Ness Technologies
USA: 1-888-267-8160
Email: investor@ness.com
