| Type | Private |
|---|---|
| Industry | Software services |
| Fate | Acquired by Citi Venture Capital International (2011) |
| Founded | 1999 |
| Services | IT Consulting IT Services Outsourcing |
| Revenue | US$ 547 million(Plus) (2009) |
| Employees | Over 7800 (As on 31st Dec, 2009) [1] |
| Website | NESS.com |
Ness Technologies ( Hebrew: נס טכנולוגיות) is an Israel-based global provider of IT services and solutions.
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The company provides information technology and business planning services in North America, Europe, the Middle-East, and the Asia Pacific. It operates in three sectors: software product engineering, system integration, application development and consulting, and software distribution. Ness Software Product Labs (SPL) operates approximately 50 product labs for independent software vendors, high-tech companies, and global organizations that build or rely on commercial-grade software to generate core revenue. In the sphere of system integration, application development and consulting, the company offers an array of high-value outsourced information technology services. NessPro, markets and sells enterprise software licenses of approximately 30 third-party software vendors to corporate clients. It provides implementation, customization, and support services related to such licenses.
The origins of Ness Technologies can be traced to TAKAM, one of the first software houses in Israel, which was co-founded in 1969 by Dr. Yossi Vardi, Myer Bornstein and Yoram Rosenfeld. The name of the company came for its Hebrew initial, which stands for Advanced Technology (it was known in English as Advanced Technology Limited, or ATL). TAKAM's first major project was for the Israeli Air Force in corporation with Hughes Aircraft Company, which also bought a share of the company. In the 1970s the company was acquired by the Tadiran conglomerate and grow to became Israel's leading software house.[2]
Between 1997 and 1999 the Wolfson family, New York based real estate investors, acquired six Israeli IT companies, of which TAKAM was the largest. Following completion of these acquisitions, all the acquired companies were consolidated into a single operating structure, within Ness Technologies a new company that was incorporated in Delaware in March 1999.[3] Shortly afterword, Warburg Pincus an American private equity firm bought 20% of the company.[4]
By 2001, Ness became Israel's largest IT services company, and embarked on a global expansion strategy; the following acquisitions were made as part of that strategy:
In September 2004, Ness Technologies became a public company following an initial public offering on the Nasdaq.[4]
In 2011 Ness was acquired by Citi Venture Capital International for US$307 million and delisted from NASDAQ[8]
Ness Technologies has been ranked as one as one of the top ten global IT outsourcing vendors by Brown-Wilson Group. In addition, Ness Technologies was included on the 2007 Top 50 Best Managed Global Outsourcing Vendors list. In 2009, Ness was named in the FinTech 100 ranking of top global technology providers to the financial services industry. Ness has been on the list for three consecutive years.[9] Ness has 7,800 employees and maintains operations in 18 countries.[10] Its clients include Google, IBM, Cisco, Lockheed Martin, the Israel Police, Pfizer, Visa and Vysya.[11]
In 2003, Ness Technologies was chosen to build a stock market trading site for Bank Leumi. "Bashan," as the project was called, suffered many setbacks and delays, but the site was launched in 2005.[12] The site won many prizes, including 2 consecutive WebiAwards for the best site in Israel.[13]
In 2004 Ness established dbMotion as a spin off of its business intelligence solutions unit, which began to develop healthcare software solutions in 2000. In 2007, Ness Technologies announced the sale of its ownership interest in dbMotion.[14]