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Ness Technologies Starts Multi-Million Shekel Project to Implement SAP System for Maccabi Healthcare Services' Service Providers
TEL AVIV, Israel, May 10, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of information technology solutions and services, announced today the
beginning of a project to implement a system for the management of Maccabi
Healthcare Services' service providers, including settlement and payment. The
system will be based on SAP's Incentives and Commissions Management (ICM)
module. The SAP ICM module will be integrated with Maccabi's existing SAP ERP
system. The project is valued at multi-millions of New Israeli Shekels.
Maccabi Healthcare Services is Israel's second largest health maintenance
organization (HMO), providing comprehensive medical care to 1.8 million
members. Maccabi has approximately 5,000 service providers including 4,000
independent physicians.
"The new system, which replaces an old system developed in the early
'90s, will save the cost of developing a new version of that system, and will
streamline Maccabi's work processes and improve budget control," said Ofer
Weisberg, Manager of IT and Communications Division, Maccabi Healthcare
Services. "We selected Ness Technologies for this project due to the
company's expertise and experience with SAP systems and Ness vast knowledge
in healthcare solutions and services."
"The selection by Maccabi further positions us as a leading system
integrator and SAP implementer and it attests to our unique benefits in this
area of expertise," said Effi Kotek, President of Ness Israel. "The new
contract also represents another milestone in our successful partnership with
Maccabi Healthcare Services."
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.
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.
Media Contacts:
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
Source: Ness Technologies Inc
Media Contacts: 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
Ness Technologies Starts Multi-Million Shekel Project to Implement SAP System for Maccabi Healthcare Services' Service Providers
TEL AVIV, Israel, May 10, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of information technology solutions and services, announced today the
beginning of a project to implement a system for the management of Maccabi
Healthcare Services' service providers, including settlement and payment. The
system will be based on SAP's Incentives and Commissions Management (ICM)
module. The SAP ICM module will be integrated with Maccabi's existing SAP ERP
system. The project is valued at multi-millions of New Israeli Shekels.
Maccabi Healthcare Services is Israel's second largest health maintenance
organization (HMO), providing comprehensive medical care to 1.8 million
members. Maccabi has approximately 5,000 service providers including 4,000
independent physicians.
"The new system, which replaces an old system developed in the early
'90s, will save the cost of developing a new version of that system, and will
streamline Maccabi's work processes and improve budget control," said Ofer
Weisberg, Manager of IT and Communications Division, Maccabi Healthcare
Services. "We selected Ness Technologies for this project due to the
company's expertise and experience with SAP systems and Ness vast knowledge
in healthcare solutions and services."
"The selection by Maccabi further positions us as a leading system
integrator and SAP implementer and it attests to our unique benefits in this
area of expertise," said Effi Kotek, President of Ness Israel. "The new
contract also represents another milestone in our successful partnership with
Maccabi Healthcare Services."
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.
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.
Media Contacts:
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
Source: Ness Technologies Inc
Media Contacts: 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