The company provides a comprehensive scope of IT services crossing system integrating, package development, quality confidence, and support to over 500 clients across assorted geographicss. The company hived off its package distribution concern to concentrate on higher border concerns and nucleus geographicss. The package technology division recorded an operating border of 15.6 % during 2Q 2010 as against the companyi??s overall runing border of 2.2 % , chiefly because of lower operating border in the system integrating infinite which constitutes ~75 % to the grosss. However, the strong demand for system integrating services such as ERP ( 2009-2013 CAGR 4.5 % ) and BI ( 2009-2014 CAGR 6.9 % ) will assist bring forth higher borders traveling frontward. We expect these two sections to fuel growing with steady runing border in the hereafter.
NSTC has expertise in several verticals such as high-tech and ISVs, fiscal services, life scientific disciplines, health care, defence and fatherland security in North America. Furthermore, it holds an advantage in the public-service corporations, public sector, and fiscal services verticals in Europe and defence and fatherland security, public sector, fiscal services, and telecommunications in Israel. Following a stage of acquisitions and organic growing, the company is now capable of offering end-to-end concern solutions across verticals worldwide. We believe that the company can leverage its nucleus IT expertness to aim hitherto untapped verticals such as retail, transit, media, and communicating.
As of June 2010, NSTC had a backlog of $ 658 million, stand foring ~112-114 % of the direction top-line counsel of $ 575-585 million for 2010. As of 1H 2010, the company had grosss of $ 273 million and was about 53 % ( ~ $ 302-312 million ) short of the managementi??s gross counsel for 2010. In the yesteryear, the company has performed better during the 2nd half of the twelvemonth vis-i??-vis the first. Management estimations top-line growing of 5 % YoY during 2010. Strong order book and bettering macro economic environment dorsums our belief of strong 2nd half Numberss and we expect direction gross counsel to be met.
NSTC is well-positioned to work chances in the IT service industry on the dorsum of its proved path record, client trueness, diversified client base, and a strong web of taking spouses. The IT services industry has gained prominence over the past decennary, as more and more companies have realized the function of IT non merely in cutting costs, but in bettering procedures, patterns and spread outing market presence every bit good. Harmonizing to Gartner, worldwide enterprise IT disbursement across industry verticals will increase 4.1 % YoY to $ 2.4 trillion during 2010. Gartner estimates IT merchandises and services disbursement in the US to turn 2.8 % YoY to $ 958 billion during 2010, and that in Western and Eastern Europe to turn 2.3 % YoY to $ 836 billion.
NSTC has an array of local, near-shore, and offshore bringing installations in North America, Europe, Israel, and the Asia-Pacific, with operations in 18 states as of 2009. India-based seaward bringing capacities are available to North American and European clients ; Eastern and Central European based near-shore installations serve Western European clients ; while local bringing installations support Israel and other locations. As of December 31, 2009, NSTC employed about 7,835 employees worldwide, as against 8,425 employees in 2008. This downsizing helpedConsequently, it cut down cost of grosss, which includes wages and other direct and indirect costs, from $ 470.0 million in 2008 to $ 410.8 million in 2009. However, given the planetary economic recovery, we expect the companyi??s head count to increase during 2010 in line with many other IT service suppliers.
He has been functioning as CEO since March 2007 and was a board member until February 2007. Prior to fall ining Ness, Gerlitz Issachar served as moving president of Mobixell Networks and was on the board of the Israel Mobile Association. From 2001 through 2006, he was a spouse at Apax Partners, a planetary private equity house pull offing assets, where he focused on leveraged minutess and engineering investings. From 2005 through 2006, he served as a manager of Bezeq, a publically traded Israeli telecommunications company. He was a member on the boards of a figure of private companies such as Starhome BV, Crescendo Networks, and Bitband Technologies. He served for 10 old ages at Comverse Technologies in varied functions including president of the Asia-Pacific division. Before fall ining Comverse, he served at Telrad Telecommunication Industries, Hadassah University Hospital, and the Israeli Defense Force. From May 2009 to November 2009, he was a manager of Leadcom Integrated Solutions, a publically traded Israeli company supplying services and solutions to fixed, nomadic, and transmittal web operators. He received a B.Sc. in Electronics Engineering from Tel-Aviv University in 1978, and completed a Business Administration Program for Industry Management from Bar-Ilan University.
He has been functioning as CFO since April 2007. From June 2003 to March 2007, he served as CFO of Attunity, a supplier of service-oriented package and solutions in the workplace applications market. From May 2001 to June 2003, he was the main fiscal officer of TeleKnowledge Group Ltd. , a content commercialism platform seller, and served as the firmi??s main executive officer from January 2002 to June 2003. From May 2000 to May 2001, he served as main fiscal officer of Tundo, a developer of an IP-based voice and media services platform. From 1985 through May 2000, Segev Ofer served at Kost Forer Gabbay & A ; Kasierer, a member of Ernst & A ; Young Global, taking the hi-tech industry pattern group. Between 1997 and 2000, he was a member of the engineering maneuvering commission of Ernst & A ; Young International. He completed his B.A. in economic sciences and accounting from Bar-Ilan University in Israel, and studied at the Kellogg School of Management at Northwestern University.