Ness Software Product Lab in Kosice, Slovakia Will Continue to Support the Development of NAVTEQ's Next Generation Location and Navigation ProductsHACKENSACK, New Jersey, January 31, 2011 — (PRNewswire) — Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of IT services and solutions, announced today that its Software Product LabsSM business unit has signed an extension of its development contract with NAVTEQ, the leading global provider of maps, traffic and location-data-enabling navigation, location-based services and mobile advertising around the world. For the past three years, Ness Software Product Labs has provided software product development services to NAVTEQ from labs in India and Slovakia. The new three year deal extends and expands the large global development center in Kosice, Slovakia.
"We are extremely pleased with the level of technical excellence and results the Ness team has delivered over the past three years," said Amreesh Modi, chief technology officer and executive vice president, NAVTEQ. "Ness' Kosice center provides us with the right mix of skills and resources to meet our requirements for high quality, creativity and innovation. We look forward to our continued collaboration."
"The extension of the contract reflects our commitment to developing strong relationships with our clients and delivering superior results," said Sachi Gerlitz, president and CEO, Ness Technologies. "At the heart of this relationship is a shared dedication to excellence and quality that ensures that our goals are well aligned. We look forward to helping NAVTEQ develop cutting edge products to meet the increasing demand of its customers."
The Ness Software Product Labs team members in Kosice have worked closely with NAVTEQ teams to develop a wide variety of NAVTEQ products. The team utilizes the Agile software product development methodology in close collaboration with NAVTEQ teams in Frankfurt, Germany and Chicago to speed development cycles and shorten time to market. In the coming three years, the Ness team will continue working closely with NAVTEQ on important initiatives to develop the next generation of NAVTEQ's mapping products.
"Our collaboration with NAVTEQ has provided many software engineers in Kosice with the opportunity to work locally for a prestigious international customer, to affirm their skills, and achieve successes that are highly acknowledged abroad," said Martin Kohut, country manager, Ness Slovakia. "Our activities involve so much more than software product maintenance and enhancement. The center in Kosice, to a great extent, participates in developing and creating new attributes and functionality that distinguish NAVTEQ from its competitors."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global provider of IT and business services and solutions with specialized expertise in software product engineering; and system integration, application development, consulting and software distribution. Ness delivers its portfolio of solutions and services using a global delivery model combining offshore, near-shore and local teams. With about 7,800 employees, Ness has operations in North America, Europe, Israel and India, has customers in over 20 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness, visit http://www.ness.com.
NAVTEQ is the leading global provider of maps, traffic and location data (digital location content) enabling navigation, location-based services and mobile advertising around the world. NAVTEQ supplies comprehensive digital location content to power automotive navigation systems, portable and wireless devices, Internet-based mapping applications and government and business solutions. The Chicago-based company was founded in 1985 and has approximately 5,100 employees located in 212 offices in 48 countries. For more information about NAVTEQ, visit http://www.navteq.com. NAVTEQ is a trademark in the U.S. and other countries. All rights reserved.
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, 2010. Ness is under no obligation, 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.
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Media Contacts: North America, Gretchen Rice, Phone: +1-781-743-0704, Email: Email Contact Israel, David Kanaan, Phone: +972-54-425-5307, Email: Email Contact Slovakia, Silvia Pullmannova, Phone: +421-2-58261-000; Email: Email Contact Investor Relations Contacts: Drew Wright, USA: 1-201-488-3262, Email: Email Contact Maya Lustig, Israel: +972-3-767-5110, Email: Email Contact