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NetSol Technologies Partnership With Neptune Software plc Extends the Reach of NetSol Financial Suite in Africa
| Source: NetSol Technologies, Inc.
EMERYVILLE, CA--(Marketwire - April 30, 2009) - NetSol Technologies, Inc. "NetSol" (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business
services and enterprise application solutions to private and public sector
organizations worldwide, today announced a new partnership with Neptune
Software plc, extending the reach of the NetSol Financial Suite (NFS) and
LeaseSoft Evolve product in Africa, as leasing is rapidly expanding as a
financing solution across the continent. The Neptune Software plc
partnership will see NetSol's products and attendant professional services
offered in more than 12 African countries.
Naeem Ghauri, NetSol Technologies, Inc. Head of Global Sales, commented,
"We are delighted to announce our partnership with Neptune Software, whose
experience, local expertise, and knowledge, when combined with the strength
and functional depth of our LeaseSoft product range, will make for a
compelling proposition to the African market."
NetSol's strategic partnership with Neptune Software plc, a specialist
provider of banking solutions, focuses on the marketing, implementation,
and support of NetSol's financial solutions to banks and financial
organizations that wish to offer asset finance and leasing facilities to
customers in Africa. A number of stakeholders including governments, the
donor community, International Finance Corporation (IFC) and the leasing
companies themselves are promoting leasing as an alternative source of
equipment finance, particularly in the agricultural sector. Neptune
Software plc was recently ranked as a global top five provider of
international core back office banking systems to the finance industry by
International Banking Systems (IBS) Journal.
Chibuzo Ene, Managing Director for East and Southern Africa for Neptune
Software, commented, "With supporting legislation and regulation recently
put in place, or imminently pending, in several African countries the
average annual growth in outstanding lease volumes, which used to be above
10%, is likely to enter the 25% to 30% range. We believe this demand will
fuel the need for more efficient software solutions, giving rise to a huge
software and services market in the next few years. In partnering with
NetSol, we have given ourselves and our customers a head start in
developing their leasing capability to satisfy the increasing demands of
their customers throughout Africa. We believe sales and delivery success
will be achieved quickly and we look forward making further announcements
very soon."
About Neptune Software plc
Neptune Software is a London-based provider of comprehensive system
solutions for banks and financial services organizations. Established in
1999, Neptune, a privately-owned plc, has over 80 satisfied clients.
Neptune Software has over 250 systems and banking professionals distributed
among our offices in Europe, Africa, and Asia. The March 2009 ranking by
IBS Journal, the industry's only rating agency ranks Neptune within the
global top 5 providers of core banking systems to the financial services
industry. Also, Neptune is one of only two suppliers to attain 4 gold star
status from the World Bank. Neptune is also ISO 9001:2000 certified.
To learn more about Neptune Software plc visit www.neptunesoftwareplc.com
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK) is a
worldwide provider of global business services and enterprise application
solutions. Since its inception in 1995, NetSol has used its Best
Shoring™ practices and highly experienced resources in analysis,
development, quality assurance, and implementation to deliver high-quality,
cost-effective solutions. Specialized by industry, these product and
services offerings include credit and finance portfolio management systems,
hospital/healthcare information management systems (HIMS), SAP consulting
and services, custom development, systems integration, and technical
services for the global Financial, Healthcare, Insurance, Energy, and
Technology markets. NetSol's commitment to quality is demonstrated by its
achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering
Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a
distinction shared by fewer than 100 companies worldwide. NetSol
Technologies' clients include Fortune 500 manufacturers, global automakers,
financial institutions, utilities, technology providers, and government
agencies. Headquartered in Emeryville, California, NetSol Technologies has
operations and offices in Adelaide, Beijing, Bangkok, Lahore, and London.
To learn more about NetSol Technologies, Inc., visit www.netsoltech.com
To join the NetSol Technologies, Inc. email communications list, visit:
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NetSol Technologies, Inc. Forward-looking Statement
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