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Last updated on April 17, 2014 at 17:30 EDT

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

November 14, 2012

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


Source: PR Newswire