WFS Ascent Goes Live for a Global German Auto Manufacturing Giant in Thailand
July 10 2017 - 7:00AM
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. 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
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http://ir.netsoltech.com/email-alerts.
Forward-Looking Statements
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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
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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
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statement contained herein to reflect any change in the company's
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conditions or circumstances upon which any statement is based.
Contact:William MainaICRinvestors@netsoltech.com (646)
277-1236
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