Thursday, February 18, 2010

NetSol Technologies, Inc. (NTWK) FORTUNE 50 Client Upgrades LeasePak License

NetSol Technologies, Inc., a U.S. corporation focused on providing global business services and enterprise application solutions to private and public sector organizations worldwide, announced this morning that it has signed a new upgrade for its LeasePak licensing agreement with a U.S. based FORTUNE 50 company, as ranked by FORTUNE Magazine in their annual ranking of America’s largest corporations.

Najeeb Ghauri, NetSol Technologies Chairman and Chief Executive Officer, stated, “Today’s announcement on the upgrade of our LeasePak solution with this FORTUNE 50 client reflects the strength of our LeasePak solution and our increasing penetration of large blue-chip customers around the world. Our highly scalable LeasePak solution offers North American clients the ability to scale from a core platform via modular components, which allow our clients to upgrade and expand as their business needs evolve, whether it’s 200 leases or 2 million leases.”

He continued, “As part of our broader flagship NetSol Financial Suite (NFS), NetSol can deliver large multinational customers comprehensive solutions for credit, lease and loan accounting, fleet management, and wholesale finance needs across geographic boundaries with localized language and currency capabilities.”

For more than three decades, LeasePak has been a lease, loan, and asset solution for leading banks, equipment lessors, commercial loan companies, and vehicle lessors throughout the North American continent. Featuring unparalleled functional depth, bank-level security, triple audit controls, scalable components, and flexible implementations, LeasePak is a key component to NetSol Financial Suite’s (NFS) end-to-end lifecycle solution.

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