Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of IT services and solutions, announced today that it has completed the acquisition of Logos a.s., a privately-held, Czech-based leading IT services and consulting company, according to the terms of the previously announced share purchase agreement. The completion of the acquisition follows the approval of the Czech Office for the Protection of Competition.

Effective immediately, Logos a.s. will operate as NESS Logos a.s. and from January 1, 2009 the merged companies will operate as NESS Czech s.r.o. Ness expects the merger process, which has already begun, to be smooth and successful, ensuring stability, reliability and continuation of existing relations with customers, partners and employees, as well as strengthening the overall position of the merged company in the Czech market.

Pavel Stovicek, previously chairman of the board of directors of Logos, will serve as the chairman of Ness Czech, where he will be responsible for the business development of the combined company. Mirko Kalous, previously managing director of NESS Czech, will serve as managing director of the combined company.

“The completion of the acquisition is another milestone in the growth of Ness, expanding our already strong position in Central and Eastern Europe,” said Ivan Hruska, president of Ness Europe. “The Logos acquisition enables us to assume a leading position in the Czech Republic. Equally important, the model resulting from this merger will be a foundation for building our European verticals and divisions, through which we will better address the needs of our European clients, who are mainly global companies. Such companies expect their strategic partners to have local support in each country. We intend to repeat this model in each country, and, by doing so, to deliver added value to our customers in the whole CEE region, especially those in the financial and telecommunications industries.”

The structure of the merged company reflects its key target market verticals, including finance, telecommunications, utilities, manufacturing, and the public sector – adopting the best practices of each group, such as Logos’ dedicated customer-centric teams and Ness Czech’s division model.

“This merger positions NESS Czech as the key IT services provider in the Czech Republic, with revenues of approximately 2 billion Czech Crowns,” said Pavel Stovicek, chairman of NESS Czech. “Both companies complement each other’s capabilities and strengths, and our customers will benefit from a well-balanced portfolio of best-in-class services and solutions, enabling them to achieve their business goals even faster. We are committed to further enhancing our offerings, partnerships and development directions. One of our key initiatives for the coming year is effectively utilize the cross-selling potential that has become possible through this merger, as we continue our trend of organic growth.”

“The merged NESS Czech has more than 1,000 employees, and these employees are the key to our current and future business growth,” said Mirko Kalous, managing director of NESS Czech. “The strong motivation and excellent skills of both companies’ employees and management teams have been an important factor so far in the integration process. We will continue our practice of open external and internal communication during the integration to ensure company transparency with customers, employees and partners.”