NetSol's Vroozi Signs Agreement With Albert Schweitzer Hospital Through Channel Partner CIBER Netherlands

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CALABASAS, Calif., Oct. 9, 2012 (GLOBE NEWSWIRE) -- Vroozi, Inc., a worldwide provider of B2B and B2C e-commerce cloud solutions, and subsidiary of NetSol Technologies, Inc., (Nasdaq:NTWK), today announced it will implement its smartOCITM search engine software within Netherlands-based Albert Schweitzer Hospital's enterprise resource planning (ERP) e-Procurement environment. The new contract marks the first customer gained through Vroozi's channel partner CIBER Netherlands, one of the largest SAP consulting organizations based in that country.

The project calls for localization of smartOCI into Dutch, with the first phase of project implementation to be completed prior to the end of this year, and additional department rollouts projected during the first quarter of calendar year 2013.

"Europe continues to be a solid growth area for us to target, and we would like to congratulate CIBER for its new win," said Shaz Khan, COO of Vroozi.

"smartOCI is an innovative cloud-based procurement solution – a true plug-and-play – that allows customers to quickly optimize their ERP investments and obtain real-time pricing for goods and services, generating large cost savings for clients in the process," said Wim van Tilt, SRM Service Line Manager at CIBER Netherlands. "We are actively marketing smartOCI in the Netherlands and other regions and are at various stages of qualifying new business."

About CIBER Netherlands

CIBER is an international IT service provider, specializing in the building, integration and management of critical business solutions and systems. CIBER's solutions are available in both custom-tailored and package form. Their services are provided for all technological platforms, operating systems, and existing infrastructures.

In the Netherlands, CIBER has now been operating for over 14 years with approximately 525 employees in the offices in Eindhoven, Nieuwegein, Den Bosch, Rotterdam and Amsterdam. CIBER Netherlands focuses on the high-tech industry, utilities, government, telecom, media, financial and business services sectors.

About Vroozi

Vroozi is a worldwide provider of B2B e-commerce cloud solutions, and subsidiary of NetSol Technologies, Inc. Vroozi's business shopping technologies including smartOCI is designed to facilitate the B2B procurement process by providing companies with a powerful e-commerce search engine that improves purchasing efficiencies. The plug-and-play software allows companies to access their global suppliers and retrieve competitive just-in-time pricing information to meet their purchasing requirements, as well as collaborate with their suppliers to exchange and publish catalog content. smartOCI can be integrated into major ERP purchasing modules such as SAP and others, and includes a tiered monthly subscription fee.

About NetSol Technologies

NetSol Technologies, Inc. ( is a worldwide provider of global IT and enterprise application solutions that include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. Headquartered in Calabasas, Calif., NetSol's product and services offerings have achieved ISO 9001, ISO 20000, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by only 178 companies worldwide. The company's clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. NetSol has delivery and support locations in San Francisco, London, Beijing, Bangkok, Lahore, Adelaide and Riyadh.

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Source:NetSol Technologies Inc.