Israel Electric Corp. awards Ness Technology ERP contract for $17.3MM

Source: Ness Technologies

Ness Technologies, Inc. (NASDAQ: NSTC) has been awarded an approximately $17.3 million engagement from Israel Electric Corporation (IEC) to implement SAP-based projects, including software testing. Ness won the deal as lead contractor in an international public tender. 

The projects include implementation of SAP solutions for the maintenance of power stations and the electricity network, real estate management, financing transactions, oil and gas management and other functions. The implementation of these solutions will be conducted over the next five years. In addition to implementing the projects, Ness will continue to help in the maintenance of IEC's existing SAP ERP over the next five years. 

"Ness was selected following a rigorous evaluation process," said Yosi Shneck, VP and head of Information Systems & Communications Division, IEC. "Based on our successful experience with Ness in the implementation of our ERP systems, we are convinced that Ness will help us meet our goals and successfully implement applications that will provide an added value to IEC and its customers." 

"We will provide IEC, which is a strategic client, with our extensive experience and expertise in the utilities industry, including experts from Israel as well as from our subsidiaries in Eastern Europe, where we routinely conduct similarly complex projects for European utilities companies," said Effi Kotek, President of Ness Israel. "IEC's selection of Ness for these important projects underscores our position as Israel's leading SAP systems integrator and implementer."

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs