Information technology service and systems developer Ness Technologies Ltd. (Nasdaq: NSTC; TASE: NSTC) has won a five year outsourcing contract with the ministry of immigrant absorption to operate and maintain the ministry’s IT systems.
The five-year contract is worth NIS 42 million, or about $11 million. The contract includes an option to extend the contract for up to additional five years.
Ness Technologies will operate and maintain the ministry’s IT systems around the clock, including applications, infrastructure systems, communications, and workstations. In addition, Ness will deploy network and system management solutions, upgrade the ministry’s helpdesk, and continuously improve the service level according to a service level agreement.
The ministry’s information systems division develops and operates the technology which manages data for registration of immigrants, management of assistance resources such as public housing, financial assistance, and customs tax grants. The unit operates two IT facilities – one in Jerusalem and another at Ben-Gurion International Airport.
Ness has about 7,800 employees and maintains operations in 18 countries.
Ness shares closed yesterday at $5.52, reflecting a market cap of $212.17 million.
Source:http://www.globes.co.il/serveen/globes/docview.asp?did=1000537318&fid=1725
