Ness Technologies, a global provider of innovative IT
solutions, has announced the completion of the merger
with Apar Infotech, a Pittsburgh-based software services
merger, which took place in May 2003, was valued at $78
million. With the merger, the Wolfson group, a major shareholder,
now holds 34 per cent and Warburg Pincus, a global private
equity firm, also holds 34 per cent.
the merger Apar, (now Ness Global Services a new
business group within Ness Technologies), has become part
of Ness Technologies. The merger contributed to an increase
in the size of the company in total revenues, head
count and international presence. Ness anticipates its
total annual revenues to grow to $300 million.
company has increased its workforce by 40 per cent to
3,800 employees because of the merger. The company will
have offices in 12 countries Israel, Canada, the
US, the UK, Switzerland, the Netherlands, the Czech Republic,
Slovakia, India, Singapore, Hong Kong and Japan.
Indian market is a strategic one for Ness. The company
is committed to leveraging the newly-added professional
talent from India and to maximise its potential. India
is becoming dominant in the worldwide software industry
and gaining recognition as such. Ness as an international
company considers activity in the Indian market very important
to its future and considers offshore software development
as a key element of its strategy.
Ness Technologies president and CEO Raviv Zoller: "Our
interest in the Indian market stems from the fact that
India is a proven success story in the world software
industry. As a company that provides international IT
services, it is important for us to reach this market,
which has broad potential both for providing IT services
offshore and for highly talented professional employees.
We will continue to examine additional investments in
India and the region with great interest."
''offshore leveraged'' execution model employed by Ness
helps optimise the execution paradigm of lower cost, high
quality and shortest time to market by concentrating the
efforts from its SEI-CMM-Level 5 certified delivery centres
in India. The acquisition of Apar has enabled Ness to
provide its customers with offshore capabilities that
are essential for international companies in the current
global economy. The Indian branch of the company will
provide offshore services, primarily to the North American,
European and Asian regions.
Zoller: "The aim of the merger is to become a larger
company that will succeed in leveraging all the complementary
capabilities, and in expanding its activities in the international
market. As a company that deals with providing IT services,
our main resource is manpower. At Apar we have found partners
shareholders and directors with business vision
that suited our goals, who have led Apar to impressive
achievements and an impressive team of professional employees
with excellent technological and managerial capabilities."
Ness Global Services president Rajeev Srivastava: "By
becoming part of Ness, an international company, Apar
will be able to increase its size and visibility as well
as the potential to be involved in additional projects
and gain access to additional clients. A strong offshore
focus will help Ness in providing end-to-end solutions
to their global clients."
has recruited about 200 employees in India since the completion
of the merger, and plans to recruit about 300 additional
employees until the end of 2003. The merger is unique
in the fact that this is a merger for the purpose of expansion
and leverage of the combined activities.
Ness Technologies is a leading global IT services firm.
With over 3800 employees, Ness serves Fortune 500 companies,
emerging middle-market firms, government agencies, and
non-profit organisations around the world.
company specialises in the fields of development, consulting
and integration of software solutions in a number of sectors
including public and government, healthcare and pharmaceutical,
financial services, telecom, utilities and manufacturing,
defence and security.