Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CALABASAS, Calif., March 09, 2017 -- NetSol Technologies, Inc. (Nasdaq:NTWK), a leading global provider of enterprise application solutions and business services to the finance and leasing industry, today announced its membership in Asosiasi Perusahaan Pembiayaan Indonesia (APPI). APPI is Indonesia’s financial services association and the country’s foremost body in the finance and leasing industry.
NETSOL Technologies entered the Indonesian market in September of 2015. In the same year, the company signed an NFS AscentTM deal worth over $15 million with a major Japanese financial institution operating in Indonesia, which is currently under implementation. Indonesia is classified as one of the emerging market economies of the world and is amongst the largest economies of Southeast Asia. As a member of the G-20 major economies, it is categorized as a newly industrialized country. Indonesia has a rapidly growing finance and leasing industry propelled by the general growth of the economy, strong foreign direct investment, and a high demand for transportation and infrastructural development. As the country industrializes in the years to come, finance and leasing activity is expected to expand and with it associated industries and sectors.
APPI is the principal financial services association in Indonesia bringing together all stakeholders of the finance and leasing industry in the country. There are over 180 finance and leasing companies in Indonesia and APPI is the chief portal to any company looking to enter the market. NETSOL has already delivered two keynotes at APPI hosted events, enabling NETSOL to not only showcase their thought leadership in the industry but also interact with industry notables and authorities. This alliance has helped NETSOL build a healthy pipeline for the future.
“Indonesia is proving to be a very receptive country in terms of finance and leasing technology and we are the largest and most advanced player in the Asia Pacific region in that domain,” said Najeeb Ghauri, Founder, Chairman & Chief Executive Officer. “Our experience and expertise are paying off in the country and further strengthening our foothold in the region.”
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."
Investors can receive news releases and invitations to special events by accessing our online signup form at http://ir.netsoltech.com/email-alerts.
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
[email protected]
(646) 277-1236
