WFS Ascent Goes Live for a Global German Auto Manufacturing Giant in Thailand

CALABASAS, Calif., July 10, 2017 -- 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. NFS^TM, LeasePak^TM, LeaseSoft or NFS Ascent^TM – 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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Contact:
William Maina
ICR
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(646) 277-1236