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Ness Technologies Inc
Also on Display: the Ness Media Business Framework
MAIDENHEAD, England and HACKENSACK, New Jersey, March 20// - Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of information technology services and solutions, today announced that it will unveil a new version of its proprietary media contract management solution, Ness Content Office(TM), at the NAB exhibition, to be held April 14-17, 2008 in Las Vegas. Ness will also unveil its Media Business Framework - a comprehensive array of flexible, globally available services and product solutions for media, broadcast and publishing organizations.
The Ness Content Office solution (previously known as iRights) is an advanced technology answer to the problems faced by media companies across television, publishing, film, and music in managing rights, contracts and royalty payments. The new version (version 6) represents a significant extension to the product for the benefit of users who want to integrate and automate rights, contracts and royalty payment processing.
"Ness Content Office is the most viable solution in the marketplace for supporting end-to-end processing of contracts and payments management" said Carolyn Pearson, head of production business systems at ITV plc. "In addition, the Ness team has been able to demonstrate exceptional industry knowledge and expertise enabling ITV to challenge and redevelop internal business processes." ITV plc, the largest commercial broadcaster in the United Kingdom, selected Ness Content Office for its Contracts and Artiste Payments System (CAPS) in 2007.
The new version of Ness Content Office includes an advanced payment module, based on FremantleMedia's market-leading artiste payments system. This new module adds both production payroll and secondary residuals payment functionality. Ness Technologies signed an exclusive license deal with FremantleMedia, one of the largest global creators and producers of television programming, formats, DVDs and ancillary IP.
The combination of FremantleMedia's artiste payment system and the Ness Content Office solution will provide ITV with a proven, state-of-the-art and solution for the CAPS project.
At NAB 2008, Ness Technologies will also unveil its Media Business Framework, a comprehensive array of services and technologies provided through Ness' global delivery capabilities. Media Business Framework offerings include consulting and outsourcing in software product development, system integration and application development, and proprietary products such as the Ness Content Office along with advanced archiving solutions. Ness Technologies is uniquely qualified to meet the needs of media, broadcast and publishing companies with its deep expertise in media and broadcast industry business processes combined with core competence in IT services.
"Media businesses operate within an increasingly competitive market. They run on tight margins and need innovative services and solutions just to maintain cost effectiveness," said Peter Sutton, Managing Director of Ness UK, "The Media Business Framework demonstrates our commitment to deliver an advanced portfolio of services and solutions engineered to help media and broadcasting clients make the most efficient use of their IT infrastructure to meet and beat their current and future business objectives."
About ITV plc
ITV is the UK's largest commercial broadcaster, with its family of channels watched by more than 80% of the population every week. ITV has the most successful commercial family of channels in the UK. ITV1 is the UK's most popular channel in peak-time; ITV2 is the UK's biggest non-terrestrial channel; ITV3 is the most popular non-terrestrial channel on Freeview; and ITV4 had the most successful digital channel launch to date. ITV also owns CiTV, the leading commercial children's channel on Freeview, and Men & Motors. For more information about ITV plc, visit http://www.itv.com.
About FremantleMedia Ltd
FremantleMedia is one of the leading creators and producers of entertainment brands in the world. FremantleMedia is part of the RTL Group, Europe's largest television and radio broadcast company, which is in turn 90 percent owned by Bertelsmann AG, one of the world's major media and entertainment companies. FremantleMedia's worldwide production arm is responsible for many of the world's highest rated prime time entertainment, drama, serial drama and factual entertainment programmes. FremantleMedia Enterprises, the company's content exploitation arm, offers an unparalleled licensing, distribution and home entertainment brand extension package. The FremantleMedia Group (which includes TalkbackThames, UFA and Grundy amongst others) has operations in 22 countries, one of the most comprehensive global networks, creating over 10,000 hours of programming, rolling out more than 60 formats and managing over 300 individual titles. FremantleMedia has some of the most sought after and long running formats in its catalogue, including: Idols, The X Factor, Got Talent, Neighbours, The Bill, Family Feud and The Price is Right. For more information about FremantleMedia Ltd, visit http://www.fremantlemedia.com.
About Ness Technologies
Ness Technologies (NASDAQ: NSTC) is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. With over 8,000 employees and operations in 18 countries, Ness partners with numerous software and hardware vendors worldwide. The Ness media and entertainment vertical offers specialized and proprietary solutions for Broadcast, Publishing and Digital Archive organizations. Drawing from its holistic Media Business Framework, Ness provides consulting, system integration and outsourcing services including the Ness Content Office solution which automates the contract lifecycle from content rights to financial operations, through distribution. Ness provides consulting, system integration, and outsourcing services with onsite and local presence in North America, Europe, Israel and Asia Pacific complimented by global delivery model capabilities via centres across India and Eastern Europe. Clients include, FremantleMedia, Hollywood Media, ITV plc, Pearson plc and others.
For more information about Ness Technologies, visit http://www.ness.com.
Ness Technologies press contact: David Kanaan USA: +1-888-244-4919 Intl: +972-3-540-8188 Email: media.int@ness.com
Ness Technologies UK contact: Stuart McLachlan Tel: +44-1628-817034 Email: stuart.mclachlan@uk.ness.com
FremantleMedia contact: Sonija Silberkuhl Tel: +44-207-691-6700 Email: sonija.silberkuhl@fremantlemedia.com
Source: Ness Technologies Inc
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