Ness Technologies Named to FinTech 100 List for Third Consecutive Year

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HACKENSACK, New Jersey, November 16 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of IT services and solutions, today announced that American Banker and Bank Technology News, and IDC Financial Insights, an independent research services firm, have named Ness to the FinTech 100 ranking of the top global technology providers to the financial services industry. Ness Technologies was ranked 45th advancing from last year's 47th position.

"This is the third consecutive year that Ness has been named to this prestigious list, reflecting our strength and position as a key supplier of IT services and solutions to the global financial services market," said Larry Scott, President of Ness Global Industries. "Leading financial services firms around the world rely on Ness to deliver a broad array of services to lower the cost of their operations, ensure compliance with new regulations, and manage the requirements driving the rapid consolidation in the industry."

Ness offers a wide array of systems integration and outsourced services that are specifically designed for financial services firms of all types including asset management firms, commercial, and retail banks, capital markets, and ratings agencies. In addition, Ness provides asset and investment management services and solutions to global, regional and boutique organizations in the capital markets industry, helping clients make better decisions faster, reduce operational costs and increase revenues.

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; system integration, application development and 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 maintains operations in 18 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, visit http://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 16, 2009. 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.

    Media Contact:

    David Kanaan
    Intl: +972-54-425-5307
    Email: media.int@ness.com
    Investor Relations Contact:

    Drew Wright
    USA: +1-201-488-3262
    Email: investor@ness.com