Market Challenge Once a stable and highly institutionalized sector, the pension fund market is more dynamic, competitive and aggressive than ever before. To remain competitive in light of these significant changes, fund providers must: View fund members, employers and other market entities as “customers” Develop, execute and emphasize market and service-oriented solutions Update and improve their baskets of products and services Manage investments under free market conditions, while competing to maximize achievable returns Lower management fees, reduce expenses and become more efficient Maintain flexibility and responsiveness to dynamic market conditions and regulation Subcontracting Solution In addressing these changes, fund providers have exhibited an unprecedented commitment to professionalism, efficiency and cost reduction. Given that the market is becoming increasingly competitive over time, funds will focus even further on ensuring profitability through increased efficiency and lower costs. However, since funds do not maintain expertise in every area, particularly when it comes to information technology, there is a strong incentive for them to turn to professional IT subcontractors to help them deliver a higher level of service at a lower cost. Ness Offering As Israel’s leading outsourcer, Ness Technologies enables pension funds to focus on their main areas of activity, while leaving the organization’s IT operations in good hands. Ness’ staff of managers, systems analysts and software developers has over 15 years’ experience in computerizing pension funds for hundreds of customers in Israel and abroad. Ness’ flagship pension product is Ness Pension, an innovative, user-friendly software system for managing and operating pension funds, provident funds, severance pay packages and training programs. Comprehensive System Ness Pension is a dedicated software system that provides a comprehensive solution for all aspects of a fund’s operations including:  members  plans  financial movements  rights (e.g. withdrawal rights)  treatment of retirees Ness Pension is a flexible, tabular system that allows customers to make changes and adjustments quickly and easily, and can be integrated into a range of off-the-shelf systems used for managing pension funds. Ness Pension also provides customers with a full range of reports, including annual reports and mandatory evaluations. Ness Pension offers a wide range of complementary functions that round out the system:  investment tracks  member loans  supplementary insurance  payments by standing order  agreements with secondary insurers  management fee collection  warning letters  Internet site for information delivery  statistical and actuarial analysis In addition to Ness Pension, the Company provides a range of complementary products with applications in areas such as bookkeeping, investment management, data warehousing and archiving. As a result, clients get the most out of their financial and IT operations. For more information, please contact: amir.tal@ness.com