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NetSol Technologies Europe Awarded Major Software & IT Services Contract With United Kingdom Based Bank
Valued in Excess of $1 Million Over Its Life, the Contract Provides for Full Life-Cycle Processing for Asset Finance Division, Including Data Warehousing and Maintenance
| Source: NetSol Technologies, Inc.
EMERYVILLE, CA--(Marketwire - October 19, 2009) - NetSol Technologies, Inc. "NetSol" (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business
services and enterprise application solutions to private and public sector
organizations worldwide, today announced the company was awarded a major
software and IT services contract with a United Kingdom based bank. Under
terms of the contract, NetSol will provide full life-cycle processing for
the bank's Asset Finance Division through the NetSol Financial Suite (NFS)
and Electronic Data Interchange (EDI) platforms, including Data Warehousing
and Business Intelligence. The value of the contract is in excess of $1
million over the life of the agreement, including implementation,
maintenance and support.
Naeem Ghauri, NetSol Technologies, Inc. president and head of global sales,
commented, "This is a major win from a large Financial services Group in
Europe. We are delighted, that in a difficult market, our solution was
chosen with strong built in margins. This latest contract win reflects the
strength of our competitive positioning as we set the stage for further
growth by NetSol Technologies Europe this fiscal year."
The scope of the aforementioned project also includes full data migration
from the bank's existing legacy system and will make full use of the NetSol
EDI platform to support electronic proposals from business partners.
LeaseSoft EDI Manager facilitates the process automation between business
introducers and funders. In addition the contract also provides for the
implementation and maintenance of a self-service web portal for business
partners that will enable increased back office efficiencies and enhanced
service offerings.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK) is a
worldwide provider of global business services and enterprise application
solutions. Since its inception in 1995, NetSol has used its BestShoring™
practices and highly experienced resources in analysis, development,
quality assurance, and implementation to deliver high-quality,
cost-effective solutions. Specialized by industry, these product and
services offerings include credit and finance portfolio management systems,
hospital/healthcare information management systems (HIMS), SAP consulting
and services, custom development, systems integration, and technical
services for the global Financial, Healthcare, Insurance, Energy, and
Technology markets. NetSol's commitment to quality is demonstrated by its
achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering
Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a
distinction shared by fewer than 100 companies worldwide. NetSol
Technologies' clients include Fortune 500 manufacturers, global automakers,
financial institutions, utilities, technology providers, and government
agencies. Headquartered in Emeryville, California, NetSol Technologies has
operations and offices in Adelaide, Bangkok, Beijing, Lahore, London, and
San Pedro Sula.
To learn more about NetSol Technologies, Inc., visit www.netsoltech.com
To join the NetSol Technologies, Inc. email communications list, visit:
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NetSol Technologies, Inc. Forward-looking Statement
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