NetSol Technologies cut deal with UK vank calued at $2.5m

Implement Finance and Leasing Platform

NetSol Technologies, Inc. (Nasdaq:NTWK), a global business services and enterprise application solutions provider, today announced that an established UK-based bank has selected NetSol’s LeaseSoft as its new platform to support the growth of its asset finance and leasing business, while helping to consolidate IT systems. The project and continuing relationship value is expected to exceed $2.5 million.

The system is expected to enhance the bank’s IT functionality, providing seamless capability to manage all back office requirements, while improving business processes through integration with the bank’s other IT systems once the implementation is complete.

“This is an important new win for NetSol, further building upon our efforts in the UK and throughout Europe,” said Naeem Ghauri, President and Global Head of Sales of NetSol. “Our solutions – whether NFSTM, LeasePak, LeaseSoft or NFS AscentTM – help companies transform their finance and leasing operations, providing a fully automated asset-based finance solution covering the full leasing and finance lifecycle.”

LeaseSoft is a full lifecycle lease and finance system, aimed predominantly at the UK funder market, including modules to support web portals and an electronic data interchange manager to facilitate integration between funders and introducers.

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 1500 professionals placed in eight strategically located support and delivery centers throughout the world.

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