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Ness Technologies Wins $2.6 Million Global Outsourcing Contract with Mul-T-Lock

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TEL AVIV, Israel, November 14, 2012 /PRNewswire/ --

Ness Technologies, a global provider of information technology (IT) services and solutions, announced today that it has won a five-year outsourcing contract to manage and maintain Mul-T-Lock's information systems. The contract is valued at approximately $2.6 million, including Mul-T-Lock's IT infrastructure as well as various applications.

Ness Technologies will be responsible for overall management of Mul-T-Lock's information systems and will provide full support services to all users in Israel. The outsourcing activity will include hardware, software and applications, including the company's SAP-based ERP system. Ness will also conduct various IT development activities for Mul-T-Lock, as required from time to time.

Mul-T-Lock was founded in 1973 and today is fully owned by ASSA ABLOY (headquartered in Sweden), a leading manufacturer of locks, locking systems and architectural hardware and the world's leading developer of products in the field of electromechanical locking technology. Mul-T-Lock is known as one of the world's leading companies in developing, manufacturing and marketing high-security level locking products and solutions for institutional, commercial, industrial and residential use. Over the years, Mul-T-Lock has developed numerous innovative and original products, protected by international patents.

"As a developer of innovative electronic and mechanical locking solutions for the global market, we use advanced information systems which are at the forefront of technology, whose performance is critical to our ongoing activity and our worldwide success, enabling us to quickly respond to market demands," said Shira Baum, IT Director, Mul-T-Lock. "Ness has extensive knowledge and experience in the information technology world. In addition, it delivers a very high level of service. Our partnership with Ness will assist us to grow further in the global market."

"This year we face many challenges in the IT world that will help Mul-T-Lock reach the business goals the company management has set, and we see Ness as a professional partner in realizing these goals," said Avishai Fishman, CFO, Mul-T-Lock Group.

"Ness' win strengthens its position as a leader in outsourcing services," said Effi Kotek, President, Ness Israel. "We will enable Mul-T-Lock to focus on its core business while operating an extensive IT system at maximum efficiency. Ness Technologies is committed to providing the highest level of service with full transparency and tight cooperation with Mul-T-Lock. We will make our best experts available to Mul-T-Lock, including those highly proficient with the SAP ERP system, and provide the company with the benefit of our wealth of experience in complex outsourcing projects in Israel and abroad."

About Ness Technologies

Ness Technologies 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.

Media Contact:

Galit Reshef
Phone: +972-52-8342232
Email: Galit.Reshef@ness.com

David Kanaan
Phone: +972-54-4255307
Email: media.int@ness.com

SOURCE Ness Technologies Inc



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