WFS Ascent Goes Live for a Global German Auto Manufacturing Giant in Thailand
CALABASAS, Calif., July 10, 2017 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a leading global provider of enterprise application solutions and business services to the finance and leasing industry, successfully implemented its NFS Ascent Whole Sale Financial System (WFS) in Thailand for a leading German auto manufacturer.
This implementation is part of a larger contract that was signed on December 21, 2015. The contract includes implementations, license, maintenance, services and expected customization fees for the platform across 12 countries. The implementation in Thailand is the third country to go live after successful implementations in New Zealand and Australia. NETSOL started the Thailand project in mid-February 2017 and went live in just 4.5 months, on 3rd July 2017.
“I am proud of the fact that NETSOL continues to deliver excellence in both product and its deployment. We have been delivering large scale projects previously and we are doing the same now, NETSOL has mastered executing complex large scale multi–country projects,” said Najeeb Ghauri, Founder, Chairman & Chief Executive Officer NETSOL Technologies.
Mr. Ghauri added, “Working in close collaboration with this business partner for decades, has allowed us to share a common vision in which we foster innovation and our institutional relationship continues to thrive with each successful implementation.”
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 1,500 professionals placed in eight strategically located support and delivery centers throughout the world. 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.
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Forward-Looking Statements
This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, 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.
Contact:
William Maina
ICR
investors@netsoltech.com
(646) 277-1236
Released July 10, 2017