-- Project Valued at More Than $3.0 Million; Expected Completion by End of 2013 --
CALABASAS, Calif., Feb. 26, 2013 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced an agreement with a Fortune 500 global equipment manufacturer, to implement the NetSol Financial Suite™ (NFS™) software in North America.
Valued at more than $3.0 million, the agreement includes the license and implementation of the NFS™ Credit Application Processing System (CAP) and Contract Management System (CMS) for retail business operations, and the Wholesale Finance System (WFS) and Dealer Access and Auditing System (DAAS) for the subsidiaries wholesale floor-planning. The implementation is scheduled for completion by the end of the year.
"Through our industry leading leasing management solution, we help companies more effectively manage credit portfolios, further streamlining processes and procedures, and ultimately resulting in cost reductions," said Najeeb Ghauri, CEO of NetSol. "I congratulate our team in North America on this new win and look forward to a long and mutually beneficial partnership with our new customer."
About NetSol Technologies
NetSol Technologies, Inc. (www.netsoltech.com) 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.