Aldermore Asset Finance Goes Live with NetSol’s LeaseSoft V8

CALABASAS, Calif., April 22, 2016 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a global business services and enterprise application solutions provider, today announced that a project to implement LeaseSoft V8 and migrate the live agreement portfolio of Aldermore Asset Finance has been successfully completed.

NetSol’s LeaseSoft V8 system delivers enhanced functionality providing seamless capability to manage all back office requirements with improved efficiency, productivity and control.

“Aldermore and NetSol teams have worked tirelessly to deliver this critical project in an especially short timeframe and with minimal business disruption," said Carl D'Ammassa, Group Managing Director – Business Finance of Aldermore Bank. "Investment of this kind is critical to help enhance our service to customers and broker partners and further underpins our ambitions for our Asset Finance business, which recorded nearly £900 million in new business originations in 2015 and has lent more than £3 billion since setting out on our journey."

"This successful project delivery provides further endorsement of NetSol's software and professional services capabilities and builds upon our efforts in the UK and throughout Europe," said Naeem Ghauri, President and Global Head of Sales of NetSol. "Our solutions – whether NFSTM, LeasePakTM, LeaseSoft or NFS AscentTM – help companies transform their finance and leasing operations, providing a fully automated asset-based finance solution covering the complete leasing and finance lifecycle."

About NetSol Technologies

NetSol Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and financing industry. The Company’s suite of applications are backed by 40 years of domain expertise and supported by a committed team of more than 1500 professionals placed in eight strategically located support and delivery centers throughout the world.

Forward-Looking Statements

This press release may contain forward-looking statements relating to the development and implementation of the Company's products and services, completion of contracts, projected revenues, future operation results and product and services outlook, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words “expects,” “anticipates,” variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

Investor Contacts:

Matt Sheldon |
(310) 279-5975

Media Contacts:

George Medici |
(310) 279-5968

Source:NetSol Technologies, Inc.