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Ness Technologies Inc

Ness Technologies Acquires Czech IT Services Provider Logos

Published in Law and Health Weekly, August 16th, 2008

Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of IT services

and solutions, announced that it has signed a share purchase agreement to acquire 100% of the shares of Logos a.s., a privately-held, Czech-based leading IT services and consulting company. For the fiscal year ended March 31, 2008, Logos generated revenues of EUR29.7 million and was profitable.

Logos has approximately 570 employees.

Logos has been one of the fastest growing IT services and solutions providers in the Czech Republic. With a strong presence in the Czech financial and telecom sectors, Logos provides a variety of IT services including consulting,...

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