The company is upgrading Telefonica O2 Czech Republic's systems.
IT integrator Ness Technologies Ltd. (Nasdaq: NSTC; TASE: NSTC) today announced that it has reached an important milestone in its two-year core technology multi-million dollar contract with Telefonica O2 Czech Republic, the country's largest telecommunications provider.
Ness Technologies is improving Telefonica O2 Czech's system for setting up customers' fixed lines, thereby improving landline services and lowering costs. Ness successfully deployed Oracle Communications Unified Inventory Management to provide both a technical customer service catalogue and inventory as part of the end-to-end architecture.
Ness Technologies' share closed at $4.70 on Nasdaq on Friday, giving a market cap of $219 million. The share rose 4.7% by early afternoon on the TASE today to NIS 22.60.
Published by Globes [online], Israel business news - www.globes-online.com - on March 1, 2010
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