PRAGUE, September 6, 2011 /PRNewswire/ --
Ness Technologies, Inc. (NASDAQ: NSTC, TASE: NSTC), a
global provider of information technology solutions and services,
announced today that it has signed a multi-million dollar contract
with Raiffeisenbank in the Czech
Republic for the delivery and implementation of an
electronic document management system, based on EMC Documentum,
which will be integrated in the bank's new information system. The
project, which will take several months, will be implemented on the
platform of several of the bank's EMC² services.
"When finished, the system will be used routinely by more than
2,000 of our employees, including those who serve clients in our
branches," said Jirí Švarc, Document Management System (DMS)
Project Manager, Raiffeisenbank. "The new system will store client
documents in digital form at a secure central depository. We will
use it to process approximately 2 million new documents every year.
The project is valued at several tens of millions of Czech crowns.
An application for automatic document generation based on EMC²
xPression technology will be the first to be implemented within
this system."
Among the project's main benefits is an automatic document
generation system, using set parameters. It will generate a
document, for example a contract, with clauses that exactly reflect
the terms and conditions agreed between the client and the bank.
This will significantly reduce the manual work involved in document
preparation, leading to faster service for clients and standardized
communication with clients.
"The implementation team will comprise more than twenty of our
top consultants specializing in DMS, with in-depth knowledge of
EMC² products," said Mirko Kalous,
Managing Director of Ness Czech. "The project implementation will
use a wide range of EMC² products, starting from smart storage of
encrypted digital documents and access management, through content
generation systems, to solutions for viewing client documentation
differentiated by which job the bank's employee is assigned
to."
When the project is completed, the system will store also
details of the physical location of archived hard-copy documents,
in addition to having a central content depository. The project's
long-term goal is to encompass all document management
functionality, including that currently provided by other
applications.
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 7,000 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 are included under the heading "Risk Factors" in Ness'
filings with the Securities and Exchange Commission. 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 Contact:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
In the Czech Republic:
Stance Communications, s.r.o.
Štepán Dlouhý
Tel: +420-224-810-809
GSM: +420-602-685-131
E-mail: stepan.dlouhy@stance.cz
Investor Relations Contact:
Drew Wright
USA: +1-201-488-3262
Email: investor@ness.com
Maya Lustig
Israel: +972-3-767-5110
Email: maya.lustig@ness.com
SOURCE Ness Technologies Inc