TEANECK, New Jersey
September 12, 2011
Ness Technologies, Inc. (
NASDAQ: NSTC and TASE: NSTC
a global provider of IT services and solutions, and Menora Mivtachim Group, one of
leading insurance groups, announced today a multi-million dollar SAP ERP implementation and maintenance contract. The contract includes the implementation of a company-wide, SAP-based, enterprise resource planning (ERP) system at Menora Mivtachim Group with maintenance, support and development services for five years.
The new ERP system comprises financial, logistics, human resources and profit analysis modules, as well as other insurance-related modules. The new system will upgrade various financial and procurement processes, improve the company's efficiency, including human capital issues among others, and help Menora Mivtachim provide its customers with the highest level of service.
"The new ERP system will serve most of the companies of Menora Mivtachim Group, enabling optimal control over Menora Mivtachim's resources and business activity while satisfying relevant regulatory directives," said
, Chief Executive Officer of Menora Mivtachim. "We selected Ness Technologies due to its proven experience, knowledge and capabilities in large and complex ERP projects, as well as its unique knowledge of the Israeli insurance market's needs."
"This contract reflects our excellent reputation as a market leader in implementing innovative and sophisticated solutions in the insurance industry - and ERP systems in particular - combined with integration, testing and implementation capabilities; as does the recent successful launch of an ERP system we implemented for a large Israeli insurance company," said
, President of Ness Israel. "We will harness the expertise and experience gained by Ness globally to ensure that Menora Mivtachim will receive the highest quality system and the best customer service."
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