NETSOL Secures Multi-Million-Dollar Contract

NETSOL (NASDAQ:NTWK), announced that it has signed an agreement with a leading Asian auto captive finance company to deploy Netsol’s NFS Ascent Platform.

The company, a global business service and enterprise application solutions provider said that the multi-million dollar agreement includes NFS Ascent’s Loan Origination System (LOS) as well as Contract Management System (CMS).

As quoted in the press release:

 “We closed fiscal 2018 with a flurry of sales activity, culminating in this new contract with a longstanding customer of ours,” said Naeem Ghauri, President and Global Head of Sales at NETSOL. “As we enter fiscal 2019, in addition to strengthening our existing relationships, we’ve also built on our strong pipeline of new projects. NFS Ascent remains the premium platform in its class, and, as large enterprise clients invest in future proofing their IT solutions to execute their digital transformation journey, Ascent remains at the core of this shift. Our team is working diligently to capitalize on the more mature prospects in our pipeline, and we look forward to building on our success in fiscal 2019.”

The company is an existing customer and an international tier-one finance business with a multi-billion-dollar loan portfolio.

Click here for the full press release.