Hackensack, New Jersey – July 20, 2005 - Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of IT solutions and services today announced that it has been awarded, together with EDS Israel, an outsourcing contract with the First International Bank of Israel (FIBI). The project is valued at approximately $120 million (including hardware) over 8 years. Ness will serve as a sub-contractor to EDS Israel. Ness Technologies will be responsible for approximately one third of the project's services component.

Under the terms of the contract, FIBI will outsource its IT operations to Ness and EDS Israel  that will assume responsibility for the IT department of FIBI, including its employees and IT infrastructure.

The FIBI contract is considered to be the largest outsourcing contract in the Israeli banking industry. It was awarded to Ness and EDS Israel following a comprehensive and competitive evaluation process.

"The bank believes that the project will lead to reduced expenses and/or to increased revenues on an annual average of approximately $6 million, gross before taxes," stated Yossi Levy, FIBI's Head of the operations & Information Technology Division.

"We have been recognized by various market studies as the leader in the Israeli outsourcing market", said Raviv Zoller, President and CEO of Ness Technologies “FIBI's decision is a recognition of Ness' expertise in outsourcing and its profound knowledge of the unique needs of financial institutions,"

About Ness Technologies
Ness Technologies, Inc. (NASDAQ: NSTC) is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Specializing in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training, Ness serves a blue-chip client base of over 500 public- and private-sector customers. With over 5,000 employees, Ness maintains operations in 15 countries across North America, Europe and Asia Pacific, 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 proceeded 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 31, 2005.

Investor Contact:
Daphna Golden
Phone: +972-3-7666816
Email: daphna.golden@ness.com

Media Contact:
David Kanaan
Phone: + 972-3-5408188
Email: media.int@ness.com