PRAGUE, May 29 /PRNewswire-FirstCall/ Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of information technology services and solutions, and the Czech Office for Surveying, Mapping and Cadastre (CUZK), today announced a development project for a new generation of CUZK's real estate registry information system (ISKN). Ness' share in the project is approximately $4.7 million. Ness and CUZK have successfully cooperated since 1997, and Ness developed and implemented the ISKN information system, which went live in 2001.
The cooperation between CUZK and Ness will result in a centralized ISKN version, ISKN 2008, providing another outstanding enhancement of quality and extension of services offered to citizens, entrepreneurs and public authorities. The new version will comprise prime and backup systems, enhancing access for CUZK's employees as well as for external users. The new version is expected to be completed in the second half of 2008.
"ISKN's new version must address the constantly growing volume of user requirements and range of provided services," said Karel Stencel, CUZK's deputy chairman. "We want ISKN 2008 to be one of the key systems supporting electronic communication in the public administration enabling it to respond flexibly to the new requirements of e-government, and to create support for changes we want to execute."document.write('');
"We are delighted to help CUZK develop a new generation of the system," said Roman Kamaryt, director of Business and Competence Development, Ness Czech. "It is a big opportunity for us, because there are still very few similar applications in the public administration sector."
The ISKN 2008 system will also include a range of web services (such as notification of changes in real estate law), a reference guide to participants in a proceeding, enhanced electronic data transmission capabilities enabling external users to enter electronic data and messages via a web application, and the ability to work more efficiently using digitized documents.
About the ISKN project
The real estate cadastre information system, launched in 2001, is an information system for improving performance of real estate registry and public administration, and for assuring real estate registry services for users. ISKN enables anyone to access cadastre data electronically, even via remote web access. The ISKN project, implemented by Ness, establishes an integral information system and speeds up and improves the quality of services provided to the public and to institutions. Key benefits of the system include immediate availability of cadastre data from anywhere, including electronically signed documents, and facilitation of public administration operations by connecting the real estate cadastre with other public registries. It is the essential system supporting the functioning of the Czech real estate market.
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. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With 7,500 employees, Ness maintains operations in 16 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, visit 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 14, 2007. Ness is under no obligation to, 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.
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
SOURCE Ness Technologies Inc
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