South Africa Marks the Latest Deployment of Flagship NFS Ascent Platform Through Previously Announced $100 Million, 12-Country Contract
CALABASAS, Calif., Sept. 18, 2018 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ: NTWK), a global business services and enterprise application solutions provider, has successfully implemented its NFS Ascent Contract Management System (CMS) in South Africa for a leading German auto captive.
This latest implementation is part of a larger contract, which was previously announced in December 2015, whereby the existing NETSOL NFS customer upgraded to the company’s flagship platform, NFS Ascent. The contract includes implementations, licenses, maintenance, services and expected customization fees for the platform covering deployments in 12 countries, altogether representing the largest contract in NETSOL company history. South Africa marks the fifth deployment to “go live” following successful initial implementations in Thailand, New Zealand, Australia and South Korea.
“This latest implementation with one of our longstanding and trusted customers is of particular note as South Africa marks our entry into yet another new international market,” said Najeeb Ghauri, Co-Founder, Group CEO and Chairman of NETSOL Technologies, Inc. “Expanding through successful implementations will be the precursor for continued success as it showcases our expertise, efficiency and the overall abilities of our deep industry insight and knowledge. Additionally, this implementation makes manifest the value that our systems and consultancy bring to our business partners. The ongoing upgrades to our next-generation NFS Ascent platform are creating long-term growth opportunities for our company, and more broadly, are representative of the confidence and trust our clients repeatedly place in us.”
Salim Ghauri, CEO of NETSOL Technologies Pakistan, a subsidiary of NETSOL Technologies, Inc., added: “We have worked diligently and tirelessly to bring this implementation live, hitch free, within an extremely challenging timeline. This is an exciting time for NETSOL — we continue to grow in sales, new markets, new innovations and technologies. But what’s more encouraging is that NETSOL as an entity and market leader continues to refine and improve, which is evident through this implementation. The demand for our premium platform continues to grow; NFS Ascent is a feature-rich, state-of-the-art technology that offers functionality catering to the business needs of the future. Implementations like these provide us with an opportunity to refine the product on an on-going basis and continually offer increasing value.”
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About NETSOL Technologies
NETSOL Technologies, Inc. (NASDAQ: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global Leasing and Finance industry. The company’s suite of applications is backed by 40 years of domain expertise and supported by a committed team of approximately 1,350 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent – 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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