Ness Technologies extends Thomson Reuters deal

Ness Technologies provides on-site support and maintenance services to Thomson Reuters' clients across Israel, including dealing rooms, brokers, asset management companies, and other corporations and websites.

Global information technology services provider Ness Technologies Ltd. (Nasdaq: NSTC; TASE: NSTC) extended an outsourcing agreement with Thomson Reuters Israel for an additional four years.

Ness Technologies has worked with Thomson Reuters for the past five years. It will continue to provide technical and information technology infrastructure services for Thomson Reuters Israel's clients. Ness Technologies provides on-site support and maintenance services to Thomson Reuters' clients across Israel, including dealing rooms, brokers, asset management companies, and other corporations and websites.

In addition to the ongoing systems maintenance, Ness will install Thomson Reuters' systems in banks, conduct upgrades, handle satellite dishes, and perform ongoing work vis-a-vis British Telecom in London.

Thomson Reuters provides information to decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets.

Ness also reported today that it has been awarded, as part of a public tender, a contract for the development and testing of a registry of territories, addresses and properties (RUIAN) - for the Czech Geodetic and Cadastral Office (CUZK). The system is valued at about $19 million and is scheduled to go live in July 2011. It will become one of the four primary registries in the Czech Republic: territorial identification, addresses and properties, persons, rights and obligations.

Ness said that the primary goal of the registry is to ensure that all public administration authorities use - in their mutual communication - the same data about chosen territorial elements, which will come from a single reference source.

Shares in Ness jumped 7.8% in Nasdaq trading, reaching $5.98.

Published by Globes [online], Israel business news - www.globes-online.com - on February 1, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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