IT services provider Ness Technologies Ltd. (Nasdaq: NSTC) Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC) said today that it has won a public tender to provide online land registry (cadastre) services to the Geodesy, Cartography and Cadastre Authority of the Slovak Republic.
Ness' portion of the three-year deal is valued at €13 million, or $20 million, including VAT, which corresponds to €11 million, or $17 million, excluding VAT.
Ness competed on the tender in cooperation with a partner, DWC Slovakia, which will provide hardware for the deal, while Ness will provide intellectual property, software development, system integration and support services.
Ness Europe is one the biggest providers of solutions for the Central and Eastern European eGovernment sector, including the computerization and modernization of land registry processes.
Research institute of Geodesy and Cartography in Bratislava director L'udovit Hamas said, "The successful execution of this project will launch 45 key online services, which will allow the cadastral division to interface much more closely with the public and private sectors, as well as other divisions of the public administration."
Over the next 36 months, the engagement team will centralize Slovakia's currently distributed real estate cadastre information system, thus creating a unified and data-consistent source of land registry information. At the same time, the team will make the system accessible to and applicable for routine real estate legal transactions such as registering new properties, updating or assigning property deeds, and getting information on the processing status of applications filed by citizens. The system will also produce property deed abstracts for legal actions, copies of cadastral maps with valid vector cadastral coordinates, and registry information on owners and other authorized persons.
Tel Aviv-based Ness has about 7,800 employees worldwide.
Ness shares rose 2.7% in afternoon trading on Nasdaq, reaching $5.34, giving a market cap of $205.33 million.
Published by Globes [online], Israel business news - www.globes-online.com - on November 9, 2009
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