Ness Financial Data Enterprise 5.0 Adds Support for New Data Feeds and Streamlines Connections to Established Enterprise Middleware Applications for Improved Enterprise Data Distribution

Hackensack, NJ – September 15, 2008 – Ness Technologies (NASDAQ: NSTC), a global provider of IT services and solutions, today announced that it will launch at FIMA Asia 2008 a new version of its enterprise reference data management platform, Ness Financial Data Enterprise™. The FIMA Asia 2008 financial information management conference will be held September 16-17, 2008 in Singapore.

Ness Financial Data Enterprise allows financial institutions to take control of their enterprise data by automating end-to-end acquisition, management and distribution of reference data. The Ness platform acts as a transformation and enrichment hub consolidating disparate data sources through a dynamic metadata layer in order to deliver higher value data to end-users, systems, and value-chain participants. Ness Financial Data Enterprise enables financial institutions to cost-effectively ensure high-quality data flows into applications that support the trade and investment decision lifecycle.

“The investment management industry’s pursuit of alpha demands they optimize their operational environments for multi-currency and multi-asset class processing,” said Ron Olmstead, CEO of Boston-based investment industry consulting firm Olmstead Associates. “The process often starts with a standardized and accurate reference data platform. Technologies like the one provided by Ness ensure the institution is in a position to improve client portfolio performance.”

Advanced Reference Data Functionality

The Ness Financial Data Enterprise 5.0 platform further demonstrates Ness Technologies’ commitment to addressing the requirements of financial institutions globally, helping them streamline reference data operations and better serve their customers.

Enhancements to Ness Financial Data Enterprise include:

• Interface to Telekurs Financial’s Valordata Feed (VDF) financial information database, enabling customers to increase their data coverage with support for this highly valued data source available at launch.

• A pre-built interface to IBM Tivoli scheduler, along with TAM/ID2 for user authentication, improving the ability to manage users and streamline data processing through the Financial Data Enterprise platform.

• Data distribution interfaces to common Enterprise Application Integration (EAI) frameworks, leveraging existing IT initiatives and improving connectivity across the organization.

“In today’s competitive global financial environment, financial services firms are under significant pressure to optimize how they manage their data processes based on advancing regulations and rapidly shifting risk profiles,” said Larry Scott, President, Ness IBS, and head of global industries including Ness’ Financial Services vertical. “We have added key features to Ness Financial Data Enterprise 5.0 to ensure it meets the most demanding reference data management challenges that financial institutions face today. Our customers are able to improve efficiency and deliver the high-quality clean data throughout the organization that the business relies on, to reduce risk, manage compliance, and lower costs.”

The Ness Technologies Financial Services vertical offers specialized and proprietary solutions for institutions focused on Banking, Capital Markets, and Investment Management. Proprietary software includes the Ness Financial Data Enterprise™ solution, which automates the acquisition, management and distribution of reference data and accelerates provisioning of higher quality and dynamic intelligence to end-users. Ness provides consulting, system integration, core systems, data management and knowledge process operations outsourcing services with onsite and local presence in North America, Europe, Israel and Asia Pacific – complemented by Global Delivery Model capabilities via centers across India and Eastern Europe. Clients include KBC Group, Credit Suisse, Deutsche Bank, Erste Bank, Franklin Templeton, Invesco, Standard & Poor’s and UBS.

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. The Ness portfolio of solutions and services consists of software product development, including both offshore and near-shore outsourcing, system integration, application development and consulting, and software distribution. With over 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 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 of Form 10-K filed with the Securities and Exchange Commission on March 17, 2008. 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.

Ness Technologies media contacts:
David Kanaan
USA: 1-888-244-4919
Intl: + 972-3-540-8188
Email: media.int@ness.com

Ness Technologies investor contact:
Drew Wright
USA: 1-201-488-3262
Email: investor@ness.com