Ness Technologies, a provider of information technology solutions and services, has won a contract from Barclays Capital, the investment banking division of Barclays Bank, to establish an Israel Development and Engineering Center (IDEC).
The center will provide technology development and engineering services.
The engagement is expected to be worth more than $75m over five years.
The center will be built, scaled up and managed by Ness Technologies’ Software Product Labs division. The Israeli Ministry of Finance will provide a range of financial incentives and cost offsets.
Ness Technologies president and CEO Sachi Gerlitz said they are pleased to partner with Barclays Capital on this significant initiative to establish a software development and engineering center in Israel.
"During the course of the engagement, we will contribute our knowledge and expertise in building and managing software development labs. We will employ our unique software development methodology, taking good advantage of Israel’s pool of high quality engineering talent," Gerlitz said.
