Prague, Czech Republic and Warsaw, Poland – July 24, 2008 – Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of IT services and solutions, and Sygnity, the second-largest Polish provider of IT solutions and services, have announced a partnership agreement. The main objective of the cooperation between the two companies is jointly to offer services and solutions to selected clients in Central and Eastern Europe, as well as creating opportunities in Western Europe.
Although the strategic partnership between Ness and Sygnity has just begun, the two companies have already won a project to implement a core-banking system in a prominent financial group in Western Europe, and joint teams are already working in Ukraine and France. The partnership allows both companies to expand their offerings and their reach within Europe as they help customers to strengthen their business competitiveness.
“One of the strategic objectives of our cooperation is the creation of teams focused on regional and multinational clients. These teams will provide our customers with a more extensive portfolio of services, together with local support in each country. Our customers will therefore receive valuable support in large multinational projects,” said Otakar Smolík, Senior Vice President Business Development, Ness Europe.
“We expect the greatest synergistic effect in the Central and Eastern European financial services, utilities, and public administration sectors. In the banking sector, for instance, the combination of our know-how in the field of core-banking and Ness’ experience in business consulting and business intelligence creates a considerable competitive advantage,” said Jacek Kujawa, Vice President of Sygnity.
In the utilities sector, the synergy will be evident primarily in ERP and GIS solutions, which will be enhanced by Ness’ expertise in asset management solutions and Oracle technology. The partnership will also benefit from Ness’ successful offshoring model. Both companies have unique solutions for public administration; therefore, they can now share their knowledge and experience in this vertical.
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 7800 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.
About Sygnity
Sygnity was created by the merger of ComputerLand and Emax. Sygnity is traded on the Warsaw Stock Exchange (SGN). In 2007, the Sygnity Group had revenues of PLN 1.27 billion ($550 million). The company employs over 2,500 people, including experts with extensive IT knowledge and specialists with industry experience. Sygnity offers its own solutions, complemented by global products and technologies. It also provides a full range of services, including consulting, implementation, and outsourcing of IT projects, for large and medium-sized companies in key sectors of the economy, as well as for public administration institutions. Currently, the Group comprises more than 10 companies in Poland and abroad. Apart from Sygnity SA, the largest companies of the Group include: ARAM (IT projects for public administration), Projekty Bankowe Polsoft (manufacturer of software for the banking and financial sector and a software testing center), WINUEL (solutions for the energy sector), and Max Elektronik SA (manufacturer of software based on modern IT technologies, such as Java Computing). More information about Sygnity is available at www.sygnity.com.
Ness Technologies media contact:
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
Ness Czech media contact:
Stance Communications, s.r.o.
Petr Pluháček
Tel: 224 810 809
email: petr.pluhacek@stance.cz
Sygnity media contact:
Michał Michalski, Rzecznik Prasowy
Al. Jerozolimskie 180
02-486 Warszawa
tel. (22) 571 11 25, kom: 504 142 034
fax (22) 571 11 01
e-mail: mmichalski@sygnity.pl
