The establishment of the new center is a part of a three-year, multi-million dollar contract between Pulsic and Ness Technologies. Pulsic has committed to the market in India by establishing an R&D team in Bangalore, working with Ness Technologies, which has proven knowledge and expertise. Ness helped Pulsic to establish the team and will assist Pulsic's R&D efforts in India with the necessary infrastructure and know-how, to build a best in class center of excellence.
"Integrated circuit EDA development requires advanced and specialized engineering skills, and the selection of Ness Technologies by Pulsic is a testimony to the quality and professionalism of Ness' expertise and experience," said Balram Pal, Senior Vice President and Managing Director, Ness UK. "We are committed to leveraging our capabilities to provide the highest quality services to our customers."
"Ness is an ideal fit for Pulsic. We have aggressive plans to accelerate product development and increase geographic reach to meet our growth plans. India has an abundance of outstanding engineers, and Ness EDC provides Pulsic with the right mix of processes and additional senior management capability to build a productive team quickly and hasten product development," said Ken Roberts, CEO, Pulsic.
Pulsic Limited is the leading software company in delivering shape-based physical IC design solutions. Pulsic provides advanced physical design automation to high-volume IC markets and specializes in memory, complex analog, custom digital and mixed-signal IC designs. Pulsic's product range includes hierarchical floor planning, detailed placement, automatic routing and interactive editing. Pulsic has delivered more than 150 tape-outs with over 40 customers worldwide and is the only supplier of specialized layout automation for memory; six out of the top ten memory manufacturers use Pulsic. Pulsic was founded in January 2000 and is a privately held company, headquartered in Bristol, UK. For more information, email Email Contact, telephone +44-117-325-5000 or visit www.pulsic.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. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With 7,000 employees, Ness maintains operations in 15 countries across North America, Europe and Asia, and partners with over 100 software and hardware vendors worldwide. For more information about Ness visit www.ness.com.
Forward Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Ness' actual results could differ materially from those anticipated in these forward looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in Ness' Annual Report of Form 10-K filed with the Securities and Exchange Commission on March 15, 2006.
Media contact: David Kanaan USA: +1-888-244-4919 Intl: +972-3-540-8188 Email: Email Contact Investor contact: Drew Wright USA: +1-888-267-8160 Email: Email Contact