Key Developments For NetSol Technologies, Inc.
NetSol Technologies, Inc. (NTWK.O) (Consolidated Issue listed on NASDAQ Capital Market)
NetSol Technologies, Inc. Announces Additional Services Contract With BMW Group Financial Services
NetSol Technologies, Inc. announced the signing of an Independent System Review (ISR) and Testing Services contract with BMW Group Financial Services - Asia Pacific region. The contract calls for the comprehensive testing of a newly developed financial application suite to be deployed in more than eight countries in Asia Pacific and South Africa. NetSol's ISR and Testing Services enable customers to comprehensively assess developed applications prior to full systems migration, ultimately identifying application problems and bottlenecks before an application engages a full scale deployment.
NetSol Technologies, Inc. Secures Follow On Contract Fee From Toyota Motor Finance China
NetSol Technologies, Inc. announced that it has secured a significant follow on contract fee from Toyota Motor Finance China. The additional NetSol Financial Suite (NFS) license fee is attributed to Toyota Motor Finance's business portfolio volume in the Chinese market, which in turn triggered the additional license upgrade for the NFS Credit Application Processing System (CAP) and Contract Management System (CMS). The agreement also calls for additional ongoing maintenance revenue to support the expanded license base. Each NetSol contract signed globally now includes a pricing point structure whereby additional license fees are payable to NetSol once a client portfolio reaches certain milestones.
NetSol Technologies, Inc. Wins IT Services Contract In Saudi Arabia
NetSol Technologies, Inc. announced NetSol Asia Pacific was awarded a new IT Services contract by Atheeb Intergraph Saudi Company (AISC) of Saudi Arabia. The project is related to application development for AISC and further strengthens NetSol's presence in the Middle East market. This project was facilitated by Atheeb NetSol Ltd., the recently announced joint venture between Atheeb Trading Company and NetSol Technologies, Inc.
NetSol Technologies, Inc. Announces Contract
NetSol Technologies, Inc. announced the Company was awarded a software and IT services contract with a United Kingdom based bank. Under terms of the contract, NetSol will provide full life-cycle processing for the bank's Asset Finance Division through the NetSol Financial Suite (NFS) and Electronic Data Interchange (EDI) platforms, including Data Warehousing and Business Intelligence. The value of the contract is in excess of $1 million over the life of the agreement, including implementation, maintenance and support.
NetSol Technologies, Inc. Receives Information Security Contract
NetSol Technologies, Inc. announced that it has been awarded a contract for Information Security Services with a leading IT solution integrator in Pakistan. Under the terms of the agreement, the Company will provide the customer an IBM-ISS based information security solution to protect strategic data centers of the client against cyber security threats. The deployment of this solution is expected to be completed in approximately three months time.
