Ness Technologies And Menora Mivtachim Group Sign Multi-Million Dollar SAP ERP Implementation And Maintenance Contract
TEANECK, New Jersey, September 12, 2011 /PRNewswire/ --
Ness Technologies, Inc. ( NASDAQ: NSTC and TASE: NSTC ) , a global provider of IT services and solutions, and Menora Mivtachim Group, one of Israel's 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 Moti Rosen, 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 Effi Kotek, 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." About Ness TechnologiesSelect the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
