Ness Digital Engineering

Ness Digital Engineering (Hebrew: נס טכנולוגיות‎) is an Israel-based provider of IT services.

Ness Digital Engineering
Private
IndustrySoftware services
FateAcquired by Rohatyn Group (2013)
Founded1999
FounderZev Wolfson 
HeadquartersTeaneck, New Jersey, United States
ServicesIT Consulting
IT Services
Outsourcing
Revenue US$ 545 million(Plus) (2014)
Number of employees
Over 4500 (2014)
Websiteness.com

Overview
Ness Global HQ in Tel Aviv

Ness Digital Engineering provides information technology and business planning services in North America, Europe, the Middle-East, and the Asia Pacific. It operates in two sectors: software engineering (Ness Digital Engineering), and technology and integration (Ness CEE).

Leadership Team:[1]

  • Ranjit Tinaikar – Chief Executive Officer
  • Vinay Rajadhyaksha - President & Chief Operating Officer
  • Ed Galati – President & Chief Financial Officer
  • Moshe Kranc – Chief Technology Officer
  • Narayanan Nair – Chief People Officer
  • Mark Lister – Chief Marketing Officer
  • Anand Subramanian – Chief Delivery Officer, India

History

Origins

The origins of Ness Technologies can be traced to TEKEM, one of the first software houses in Israel, which was co-founded in 1969 by Dr. Laxmi, Meir Burstein and Yoram Rosenfeld. The name of the company came from its Hebrew initials, which stand for Advanced Technology (it was known in English as Advanced Technology Limited, or ATL). TEKEM's first major project was for the Israeli Air Force in cooperation with Hughes Aircraft Company, which also bought a share of the company. In the 1970s, the company was acquired by the Tadiran conglomerate and grew to become Israel's leading software house.[2]

Founding Ness

Between 1997 and 1999, the Wolfson family - New York based real estate investors - acquired six Israeli IT companies, of which TEKEM was the largest. Following completion of these acquisitions, all the acquired companies were consolidated into a single operating structure, within Ness Technologies - a new company that was incorporated in Delaware in March 1999.[3] Shortly afterwards, Warburg Pincus an American private equity firm bought 20% of the company.[4]

Global expansion and IPO on NASDAQ

By 2001, Ness became Israel's largest IT services company, and embarked on a global expansion strategy; the following acquisitions were made as part of that strategy:

  • In November 2001, Ness acquired Blueflame Inc., a company founded in 1985, and it had 120 employees and annual revenues of approximately $18 million at the time of its acquisition.[5]
  • In September 2002, Ness acquired APP Group CEE B.V., a privately held IT services firm operating in the Czech Republic and Slovakia specializing in CRM, ERP, EAI, enterprise asset management and e-commerce software.[6]
  • In June 2003, Ness acquired APAR Infotech, a privately held U.S./Indian IT services company, founded in 1998 and providing a wide range of ERP, CRM and EAI software services to the financial services, manufacturing, telecom, retail sales and logistics sectors. In addition to Apar's U.S. headquarters, Apar had operations in the United Kingdom, India and Singapore, and offices in Canada, Australia, Japan and Malaysia. At the time of its acquisition, effective in June 2003, it had approximately 1,200 employees.[7]
  • In February 2006, Ness acquired Innova Solutions, another privately held U.S/Indian IT Services company founded in 1997 for $25MN. Innova Solutions was an IT services provider and system integrator, offering a portfolio of offshore and on-site IT services. At the time of acquisition Innova Solutions had approximately 1000 employees.[8]
  • In January 2016, Ness Technologies announced that it has entered into an agreement with Israel Aerospace Industries (IAI) and Formula Systems for the sale of its TSG IT Advanced Systems Ltd.(TSG) subsidiary.[9]
  • In September 2016, Ness Software Engineering Services (SES) changed its name to Ness Digital Engineering to better reflect its market and business focus.[10]
  • In March 2018, Ness Digital Engineering executed a definitive agreement to acquire Linium, LLC, a digital business, engineering, experience and transformation consultancy.[11]
  • In June 2019, Ness Digital Engineering completed an acquisition of Sovereign CRM, a rapidly-growing Salesforce consultancy that specializes in the architecture, implementation, customization and integration of a broad suite of Salesforce products.[12]
  • In January 2020, Ness Digital Engineering announced its acquisition of CassaCloud, a Kosice, Slovakia-based consultancy with expertise in Salesforce implementation, customization, and integration services for multiple Salesforce modules.[13]

IPO and CVCI Acquisition:

Ranking and awards

Ness Digital Engineering has been recognized by Silicon India Magazine as a Best Company to Work for 2019.[16] also Ness has been ranked as one of the top ten global IT outsourcing vendors by Brown-Wilson Group. In addition, Ness Digital Engineering was included on the 2007 Top 50 Best Managed Global Outsourcing Vendors list. In 2009, Ness was named in the FinTech 100 ranking of top global technology providers to the financial services industry. Ness has been on the list for three consecutive years.[17] Ness has 7,800 employees and maintains operations in 18 countries.[18] Its clients include Google, IBM, Health Insurance,Cisco, Lockheed Martin, the Israel Police, Pfizer, Visa, Automatic Data Processing, eBay, Pearson Education, De Beers, Long & Foster Amadeus IT Group and Vysya.[19]

Notable projects

Leumitrade Israel

In 2003, Ness Technologies was chosen to build a stock market trading site for Bank Leumi. "Bashan," as the project was called, suffered many setbacks and delays, but the site was launched in 2005.[20] The site won many prizes, including 2 consecutive WebiAwards for the best site in Israel.[21]

dbMotion

In 2004 Ness established dbMotion as a spin-off of its business intelligence software unit, which began to develop healthcare software in 2000. In 2007, Ness Technologies announced the sale of its ownership interest in dbMotion.[22]

See also

References
  1. "Leadership". ness. Retrieved 2020-03-02.
  2. Yossi Vardi - Profile - Business Insider
  3. Ness Technologies Annual Report 2005 (Form 10-k)
  4. Konfortas, Yehuda (August 1, 2005). "Ness Technologies Targets Global Growth The leading IT-services company in Israel looks worldwide for growth opportunities". InformationWeek.
  5. Ness Technologies buys BlueFlame for $5 mln Globes - 4 Nov 2001
  6. Ness paying $16m for Czech company APP Group, The Marker, 24 Sep 2002
  7. Israel's Ness buys APAR Infotech for $78 M , Silicon India, 14 May 2003
  8. "Ness Tech acquires Innova for $25 million". Business Standard India. 22 February 2006. Retrieved 18 July 2020.
  9. "Ness Technologies Sells TSG Subsidiary". @businessline. Retrieved 2020-02-22.
  10. www.ETCIO.com. "Ness SES changes name to Ness Digital Engineering - ET CIO". ETCIO.com. Retrieved 2019-05-20.
  11. Engineering, Ness Digital (2018-03-14). "Ness Digital Engineering to Acquire Linium". GlobeNewswire News Room. Retrieved 2019-05-20.
  12. Engineering, Ness Digital (2019-06-13). "Ness Digital Engineering Acquires Sovereign CRM". GlobeNewswire News Room. Retrieved 2020-02-22.
  13. Engineering, Ness Digital (2020-01-08). "Ness Digital Engineering Acquires CassaCloud". GlobeNewswire News Room. Retrieved 2020-02-22.
  14. "Ness Technologies merger completed". Globes. 16 October 2011. Retrieved 17 October 2011.
  15. "THE ROHATYN GROUP COMPLETES ACQUISITION OF CITI VENTURE CAPITAL INTERNATIONAL (CVCI) – The Rohatyn Group". Retrieved 2020-02-22.
  16. "Ness Digital Engineering Recognized by SiliconIndia as a Best Company to Work for – 2019". Business News This Week. Retrieved 18 July 2020.
  17. Ness Technologies Named to FinTech 100 List for Third Consecutive Year
  18. Ness to fine fuel-guzzling staff, Haaretz
  19. Varma, Devarchit. "Ness Technologies to increase headcount to 5000". Siliconindia. Retrieved 18 July 2020.
  20. Eliav Gnessin's homepage [heb], 2009
  21. "Leumi Wins Awards", PR Leumi, 2009, archived from the original on 2011-06-16
  22. "Ness Technologies Announces Sale of its Ownership Interest in dbMotion", PR Newswire, Jan 2007
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