Ness Technologies to Launch New Version of its Enterprise Reference Data Management Platform

16 September 2008

Ness Technologies (NASDAQ: NSTC), a global provider of IT services and solutions, today announced that it will launch a new version of its enterprise reference data management platform, Ness Financial Data Enterpriseâ„¢.

Ness Financial Data Enterprise allows financial institutions to take control of their enterprise data by automating end-to-end acquisition, management and distribution of reference data. The Ness platform acts as a transformation and enrichment hub consolidating disparate data sources through a dynamic metadata layer in order to deliver higher value data to end-users, systems, and value-chain participants. Ness Financial Data Enterprise enables financial institutions to cost-effectively ensure high-quality data flows into applications that support the trade and investment decision lifecycle.

“The investment management industry’s pursuit of alpha demands they optimize their operational environments for multi-currency and multi-asset class processing,” said Ron Olmstead, CEO of Boston-based investment industry consulting firm Olmstead Associates. “The process often starts with a standardized and accurate reference data platform. Technologies like the one provided by Ness ensure the institution is in a position to improve client portfolio performance.”

Advanced Reference Data Functionality

The Ness Financial Data Enterprise 5.0 platform further demonstrates Ness Technologies’ commitment to addressing the requirements of financial institutions globally, helping them streamline reference data operations and better serve their customers.

Enhancements to Ness Financial Data Enterprise include:

Interface to Telekurs Financial’s Valordata Feed (VDF) financial information database, enabling customers to increase their data coverage with support for this highly valued data source available at launch.

A pre-built interface to IBM Tivoli scheduler, along with TAM/ID2 for user authentication, improving the ability to manage users and streamline data processing through the Financial Data Enterprise platform.

Data distribution interfaces to common Enterprise Application Integration (EAI) frameworks, leveraging existing IT initiatives and improving connectivity across the organization.

“In today’s competitive global financial environment, financial services firms are under significant pressure to optimize how they manage their data processes based on advancing regulations and rapidly shifting risk profiles,” said Larry Scott, President, Ness IBS, and head of global industries including Ness’ Financial Services vertical. “We have added key features to Ness Financial Data Enterprise 5.0 to ensure it meets the most demanding reference data management challenges that financial institutions face today. Our customers are able to improve efficiency and deliver the high-quality clean data throughout the organization that the business relies on, to reduce risk, manage compliance, and lower costs.”

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