Exhibit 99.2

DATA SYSTEMS & Software Inc. Announces Retention of Foresight to Assist in
Evaluating Strategic Alternatives

Wednesday March 3, 11:52 am ET

MAHWAH, N.J., March 3 /PRNewswire-FirstCall/ -- Data Systems & Software Inc.
(Nasdaq: DSSCE - News) today announced that it has retained Foresight, a
strategic and financial consulting and research firm, to perform a valuation of
the Company, its various subsidiaries and its Comverge Inc. equity affiliate, as
well as perform other analysis to be utilized by the Board of Directors of the
Company in its exploration of possible strategic alternatives. Foresight is one
of Israel's premier strategic and financial consulting and research firms,
specializing in telecommunications, media and technology.

George Morgenstern, Chairman and Chief Executive Officer of the Company, stated:
"As part of the Company's evaluation of strategic alternatives to increase
shareholder value, we are pleased to have retained a consulting firm of
Foresight's skill and reputation. Foresight will provide us with market and
valuation data, analysis and insight about both our existing operations and
assets as well as certain possible strategic transactions which are under
consideration. This information will be used by the Board in its ongoing
evaluation of strategic alternatives, which include possible restructuring,
merger or acquisition and/or financing transactions. As part of this process,
the Board is also seeking to introduce new executive personnel to manage our
business, development and future growth."




ABOUT DATA SYSTEMS & Software Inc.

Data Systems & Software Inc. is a provider of software consulting and
development services, and is an authorized direct seller and value added
reseller of computer hardware. Its Comverge Inc. affiliate provides energy
intelligence solutions to utilities. About Foresight

Foresight is a premier Israeli strategic and financial consulting and research
firm, specializing in telecommunications, media and technology. Foresight's
sector-specific team of consultants and analysts provide myriad business and
financial services to a diverse clientele ranging from corporations, start-ups
and VC's to service providers, vendors and institutional investors. Foresight is
the Israeli representative of the The Yankee Group, a global research and
consulting firm. For more information on Foresight, visit its

website at www.foresight.co.il.

This press release includes forward-looking statements, which are subject to
risks and uncertainties, including risks associated with

(i) conditions in the market for energy intelligence solutions, including the
pace and consequences of deregulation and competition,

(ii) conditions in the computer hardware and IT solutions markets,

(iii) the Company's  evaluation of its corporate  activities and
strategic  alternatives,  and

(iv) the Company's business generally. There can be no assurance that the
Company will be successful in consummating any strategic initiatives or
corporate restructurings or identifying and/or concluding agreements with
suitable acquisition candidates, merger partners or other parties. There can be
no assurance that any improvements in operating results and/or in the trading
price for the Company's shares will result from the evaluation or modification
of the Company's activities and structure. A more complete discussion of risks
and uncertainties which may affect the accuracy of these statements and the
Company's business generally is included in "Business-Factors Which May Affect
Future Results" in the Company's most recent Annual Report on Form 10-K as filed
by the Company with the Securities and Exchange Commission.

CONTACT:
George Morgenstern, CEO
DATA SYSTEMS & SOFTWARE INC.
(201) 529-2026
E-mail: ir@dssiinc.com