CALABASAS, Calif., May 25, 2011 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (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 that it has signed a multimillion-dollar agreement to implement the complete back-office Retail module of its NetSol Financial Suite (NFS)™ platform for a major auto captive finance company based in Tokyo, Japan.
The project is one of NetSol's five largest NFS™ implementations in terms of both contract value and the client's lease portfolio size. NetSol recently launched the project and expects to complete the implementation before the current calendar year end.
"We are very pleased to expand our market share in Japan while strengthening our relationship with a longstanding major client," stated Naeem Ghauri, President and Head of Global Sales at NetSol. "NFS™ is becoming the global standard for the auto industry and continues to dominate the Asia-Pacific market for leasing and financing enterprise software solutions."
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (Nasdaq:NTWK) (Nasdaq Dubai:NTWK) is a worldwide provider of global IT 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, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 20000, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by 178 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.
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NetSol Technologies, Inc. Forward-looking Statements
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