WFS Ascent Goes Live for a Global German Auto Manufacturing Giant in Australia
28 February 2017 - 8:05AM
NetSol Technologies, Inc. (Nasdaq:NTWK), a leading global provider
of enterprise application solutions and business services to the
finance and leasing industry, today announced it successfully
implemented its next generation wholesale finance system, WFS
Ascent, for a notable German Auto Manufacturing giant in Australia.
The wholesale system went live on the February 6, 2017.
The systems implementation in Australia is part of a previously
announced contract between NETSOL and the German Auto manufacturer
signed on December 21, 2015. The contract includes implementations,
license, maintenance, services and expected customization fees for
the Ascent platform across 12 Asia Pacific countries. The
implementation in Australia is the second country to go live after
New Zealand in the deployment roll out plan.
“I am pleased to say that NETSOL successfully completed this
deployment for our largest customer on a very impressive timeline,”
said Najeeb Ghauri, Founder, Chairman & Chief Executive Officer
NETSOL Technologies. “We constantly push our own limits and
capabilities for continued improvement, which enables us to provide
more value to our business partners, each and every time.
Ghauri added, “We have worked closely with this business partner
for decades and developed an understanding at an institutional
level. This mutual understanding enables us to deliver successful
implementations and create value for each other through
innovation.”
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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relating to the development of the Company's products and services
and future operation results, including statements regarding the
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could cause actual results to differ materially from those
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words, and similar expressions, identify forward-looking statements
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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
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