-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M9Hj90CUol+e4cb0KnQ+uh/2Pp4+ADHQXe6vLUx8MHhMGX8xeLUbFufwEv+L9AsI H41vhhEwv/LHmPxiY1OspQ== 0000935069-05-000277.txt : 20050223 0000935069-05-000277.hdr.sgml : 20050223 20050223143707 ACCESSION NUMBER: 0000935069-05-000277 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050223 DATE AS OF CHANGE: 20050223 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NESS TECHNOLOGIES INC CENTRAL INDEX KEY: 0001089638 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 980346908 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80274 FILM NUMBER: 05633928 BUSINESS ADDRESS: STREET 1: NESS BLDG 4 PO BOX 58182 STREET 2: KIRYATATIDIM CITY: TELAVIV ISRAEL STATE: L3 ZIP: 61580 BUSINESS PHONE: 0119723766800 MAIL ADDRESS: STREET 1: NESS BLDG 4 PO BOX 58182 STREET 2: KIRYATATIDIM CITY: TELAVIV ISRAEL STATE: L3 ZIP: 61580 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GALLEON MANAGEMENT L P CENTRAL INDEX KEY: 0001056829 IRS NUMBER: 133926982 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 135 E 57TH STREET STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-371-2939 MAIL ADDRESS: STREET 1: 135 EAST 57TH STREET 16TH FLOOR STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 g16096ness_ncsrform.txt GALLEON NESS TECHNOLOGIES SC13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B) (Amendment No. )1 Ness Technologies, Inc. ----------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 64104X108 --------- (CUSIP Number) February 16, 2005 ----------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) (Page 1 of 19 Pages) - ---------- 1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, SEE the NOTES). - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 2 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Raj Rajaratnam - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 1,808,114 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,808,114 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,808,114 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 3 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Management, L.L.C. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 1,808,114 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,808,114 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,808,114 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 4 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Management, L.P. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 1,808,114 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,808,114 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,808,114 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 5 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Advisors, L.L.C. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 347,608 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 347,608 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 347,608 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.0% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 6 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Captains Partners, L.P. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 322,608 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 322,608 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 322,608 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.0% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 7 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Captains Offshore, Ltd. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 1,237,106 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,237,106 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,237,106 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.7% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 8 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Communications Partners, L.P. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 2,650 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,650 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,650 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 9 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Communications Offshore, Ltd. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 12,350 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 12,350 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,350 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 10 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Technology Partners II, L.P. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 22,350 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 22,350 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,350 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 11 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Technology Offshore, Ltd. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 82,650 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 82,650 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,650 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.3% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 12 of 19 Pages - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galleon Buccaneers Offshore, Ltd. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ---------------------------------------------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 128,400 WITH ---------------------------------------------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 128,400 - ------------------------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 128,400 - ------------------------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------------------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.4% - ------------------------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 13 of 19 Pages - -------------------------------------------------------------------------------- SCHEDULE 13-G - TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(c) ITEM 1(A). NAME OF ISSUER: Ness Technologies, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Ness Bldg., 4 P.O. Box 58182 Kiryatatidim, Tel Aviv Israel L3 61580 ITEM 2(A). NAME OF PERSON FILING: Raj Rajaratnam Galleon Management, L.L.C. Galleon Management, L.P. Galleon Advisors, L.L.C. Galleon Captains Partners, L.P. Galleon Captains Offshore, Ltd. Galleon Communications Partners, L.P. Galleon Communications Offshore, Ltd. Galleon Technology Partners II, L.P. Galleon Technology Offshore, Ltd. Galleon Buccaneers Offshore, Ltd. Each of the foregoing, a "Reporting Person." ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: For Galleon Management, L.P.: 135 East 57th Street, 16th Floor New York, NY 10022 For each Reporting Person other than Galleon Management, L.P.: c/o Galleon Management, L.P. 135 East 57th Street, 16th Floor New York, NY 10022 ITEM 2(C). CITIZENSHIP: For Raj Rajaratnam: United States For Galleon Captains Offshore, Ltd.: Bermuda For Galleon Technology Offshore, Ltd.: Bermuda - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 14 of 19 Pages - -------------------------------------------------------------------------------- For Galleon Communications Offshore, Ltd.: British Virgin Islands For Galleon Buccaneers Offshore, Ltd.: Cayman Islands For each Reporting Person other than Raj Rajaratnam, Galleon Captains Offshore, Ltd., Galleon Technology Offshore, Ltd., Galleon Communications Offshore, Ltd. and Galleon Buccaneers Offshore, Ltd.: Delaware ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per share ITEM 2(E). CUSIP NUMBER: 64104X108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2 (B) OR (C), CHECK WHETHER THE PERSON FILING IS A: Not applicable. ITEM 4. OWNERSHIP. For Raj Rajaratnam, Galleon Management, L.L.C. and Galleon Management, L.P.: (a) Amount Beneficially Owned: 1,808,114 shares of Common Stock (b) Percent of Class: 5.4% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,808,114 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,808,114 For Galleon Advisors, L.L.C.: (a) Amount Beneficially Owned: 347,608 shares of Common Stock - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 15 of 19 Pages - -------------------------------------------------------------------------------- (b) Percent of Class: 1.0% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 347,608 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 347,608 For Galleon Captains Partners, L.P.: (a) Amount Beneficially Owned: 322,608 shares of Common Stock (b) Percent of Class: 1.0% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 322,608 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 322,608 For Galleon Captains Offshore, Ltd.: (a) Amount Beneficially Owned: 1,237,106 shares of Common Stock (b) Percent of Class: 3.7% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,237,106 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,237,106 - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 16 of 19 Pages - -------------------------------------------------------------------------------- For Galleon Communications Partners, L.P.: (a) Amount Beneficially Owned: 2,650 shares of Common Stock (b) Percent of Class: 0.0% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 2,650 For Galleon Communications Offshore, Ltd.: (a) Amount Beneficially Owned: 12,350 shares of Common Stock (b) Percent of Class: 0.0% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 12,350 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 12,350 For Galleon Technology Partners II, L.P.: (a) Amount Beneficially Owned: 22,350 shares of Common Stock (b) Percent of Class: 0.1% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 22,350 (iii) Sole power to dispose or to direct the disposition of: 0 - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 17 of 19 Pages - -------------------------------------------------------------------------------- (iv) Shared power to dispose or to direct the disposition of: 22,350 For Galleon Technology Offshore, Ltd.: (a) Amount Beneficially Owned: 82,650 shares of Common Stock (b) Percent of Class: 0.3% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 82,650 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 82,650 (v) Sole power to dispose or to direct the disposition of: 0 (vi) Shared power to dispose or to direct the disposition of: 2,650 For Galleon Buccaneers Offshore, Ltd.: (a) Amount Beneficially Owned: 128,400 shares of Common Stock (b) Percent of Class: 0.4% (Based upon 33,601,806 shares of Common Stock outstanding as reported by the Issuer in its Prospectus on Form 424B3 dated February 1, 2005) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 128,400 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 128,400 Pursuant to the partnership agreements of Galleon Captains Partners, L.P., Galleon Technology Partners II, L.P. and Galleon Communications Partners, L.P., Galleon Management, L.P. and Galleon Advisors, L.L.C. share all investment and voting power with respect to the securities held by Galleon Captains Partners, L.P., Galleon Technology Partners II, L.P. and Galleon Communications Partners, L.P., and pursuant to an investment management agreement, Galleon Management, L.P. has all investment and voting power with respect to the securities held by Galleon Captains Offshore, Ltd., Galleon Technology - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 18 of 19 Pages - -------------------------------------------------------------------------------- Offshore, Ltd., Galleon Communications Offshore, Ltd. and Galleon Buccaneers Offshore, Ltd. Raj Rajaratnam, as the managing member of Galleon Management, L.L.C., controls Galleon Management, L.L.C., which, as the general partner of Galleon Management, L.P., controls Galleon Management, L.P. Raj Rajaratnam, as the managing member of Galleon Advisors, L.L.C., also controls Galleon Advisors, L.L.C. The shares reported herein by Raj Rajaratnam, Galleon Management, L.P., Galleon Management, L.L.C., and Galleon Advisors, L.L.C. may be deemed beneficially owned as a result of the purchase of such shares by Galleon Captains Partners, L.P., Galleon Captains Offshore, Ltd., Galleon Technology Partners II, L.P., Galleon Technology Offshore, Ltd., Galleon Communications Partners, L.P., Galleon Communications Offshore, Ltd., and Galleon Buccaneers Offshore, Ltd., as the case may be. Each of Raj Rajaratnam, Galleon Management, L.P., Galleon Management, L.L.C., and Galleon Advisors, L.L.C. disclaims any beneficial ownership of the shares reported herein, except to the extent of any pecuniary interest therein. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. - -------------------------------------------------------------------------------- CUSIP NO. 64104X108 13G Page 19 of 19 Pages - -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Raj Rajaratnam ---------------------------- Raj Rajaratnam, for HIMSELF; For GALLEON MANAGEMENT, L.L.C., as its Managing Member; For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.; For GALLEON ADVISORS, L.L.C., as its Managing Member; For GALLEON CAPTAINS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.; For GALLEON CAPTAINS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory; For GALLEON COMMUNICATIONS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.; For GALLEON COMMUNICATIONS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory; For GALLEON TECHNOLOGY PARTNERS II, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.; For GALLEON TECHNOLOGY OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory; and For GALLEON BUCCANEERS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory. Dated: February 23, 2005 EXHIBIT 1 --------- The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. /s/ Raj Rajaratnam ---------------------------- Raj Rajaratnam, for HIMSELF; For GALLEON MANAGEMENT, L.L.C., as its Managing Member; For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.; For GALLEON ADVISORS, L.L.C., as its Managing Member; For GALLEON CAPTAINS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.; For GALLEON CAPTAINS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory; For GALLEON COMMUNICATIONS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.; For GALLEON COMMUNICATIONS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory; For GALLEON TECHNOLOGY PARTNERS II, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.; For GALLEON TECHNOLOGY OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory; and For GALLEON BUCCANEERS OFFSHORE, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory. Dated: February 23, 2005 -----END PRIVACY-ENHANCED MESSAGE-----