Pactera Technology International Ltd., (hereinafter referred to as Pactera) have noticed that some media have reported the recent Ness Technologies' lawsuit against us in the United States, to which we issue the following statement:

 

The allegations against Pactera in the lawsuit are without basis and are vehemently denied by Pactera. Pactera has diligently complied with the provisions of the contract. In fact, Pactera has invested a significant amount of time, labor and costs in meeting the CFIUS’ requirements. Despite Pactera’s efforts, Ness Technologies chose to terminate the contract in their own interests, whilst also making false allegations against Pactera. Pactera will vigorously defend the lawsuit which is unmeritorious.

 

Pactera Technology International Ltd.,

13th December 2017