Hackensack, NJ – June 22, 2006 – Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of IT solutions and services, has been recognized by CMP Technology’s VARBusiness magazine as one of North America’s top technology integrators. Ness Technologies was ranked 102nd in the 12th annual VARBusiness 500, advancing from last year’s 111th position.
The 500 companies are the leading revenue producers among solution provider organizations in North America and account for $378 billion in sales of information-technology (IT) services and products. The complete listing of the VARBusiness 500 is published in the June 12, 2006, issue of the biweekly business magazine that provides strategic insight for technology integrators.
“Companies like Ness Technologies play critical roles in providing the proper information-technology strategies and systems to corporations and institutions to help drive business forward,” said VARBusiness Editor Lawrence M. Walsh.
"Our ranking underscores the global success of Ness Technologies," said Raviv Zoller, President and CEO of Ness Technologies. "Ness is well positioned for continued excellence and success, and we are fully committed to meeting the needs of the organizations and companies we serve."
To complete the 2006 ranking of the 500 largest North American solution providers, VARBusiness partnered with research firm Answers Research to help collect and analyze the data. VARBusiness designed the survey which was administered on its Web site between February and April 2006, as a means to collect the data. Independent data sourcing (e.g., SEC filings, annual reports, etc.) also was conducted. Finalists were ranked according to their fiscal year 2005 revenue, based only on their reseller-related services business.
About VARBusiness Magazine
For the past 19 years, VARBusiness’ strategic resources have been the gateway to the Solution Provider community. VARBusiness provides strategic insight for technology integrators through industry-defining research, in-depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness has been the recipient of numerous industry awards for both editorial content and design. Additional information about VARBusiness products, events and services, is available at its Web site, www.varbusiness.com.
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 7,000 employees, Ness maintains operations in 15 countries across North America, Europe and Asia, and more than 100 alliances and partnerships around the world.
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:
David Kanaan
USA: 1-888-244-4919
Intl: +972-3-540-8188
Email: media.int@ness.com
Investor contact:
Drew Wright
USA: 1-888-267-8160
Email: investor@ness.com
