Information technology services provider Ness Technologies Ltd. (Nasdaq: NSTC), announced today that it won a contract with Israel's Ministry of Housing and Construction to develop, operate, and maintain a new system for managing housing assistance programs.
The new system will aid the ministry's Housing Division tasks of determining the eligibility level of applicants for housing assistance and providing assistance to those deemed eligible. The system will handle about 250,000 people annually. The contract is valued at approximately $7 million.
The ministry's old mainframe-based system will be replaced. Ness's system will enable multiple online operations to be performed vis-a-vis housing companies and banks. In addition, the system will enable the public to perform various actions, from checking eligibility for housing assistance to checking on the progress of a query made to the ministry, as part of the e-government process.
Ness Israel's Projects and Integration Group manager Yafa Farber noted that "Israel's Construction and Housing Ministry has been a client of Ness Technologies for the past several years."
Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. The firm has over 7,800 employees.
Shares in Ness Technologies ended at $8.44 in Nasdaq trading yesterday, near the bottom of their 52 week rage of between $7.98 and $14.78.
Published by Globes [online], Israel business news - www.globes-online.com - on January 24, 2008
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