Ness Technologies completes acquisition of MS9 Consulting
Ness Technologies, Inc. (Nasdaq: NSTC), a global provider of information technology services, said today it completed the acquisition of MS9 Consulting LLC, a privately-held IT services company with a strong presence in the life sciences industry.
Ness Technologies paid $11.4 million for MS9, with an additional amount to be paid in the future based on the achievement of certain performance goals over the next two years.
MS9 generated over $13 million in revenues in 2006. The firm’s clients include Kaiser Permanente, Novartis, Bayer and Lucille Packard, among others.
Shares of Ness Technologies (NSTC) were halted in pre-market trading.
