NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, recently announced that it has signed a global agreement with one of Australia’s largest non-bank lenders with approximately A$5 billion of loan and lease assets under management.
Under the agreement, NetSol will implement the complete front office Credit Application Processing System and back-office Contract Management System of its NFS™ platform beginning with Australia, with five additional implementations in various countries planned over the next three years. Valued at more than $5 million, the contract includes product licenses, business processes consulting fees, product enhancements, on-site implementation services and maintenance services.
“Today’s announcement defines a new relationship that further validates our expansion strategy across APAC and within Australia specifically,” said Naeem Ghauri, President and Head of Global Sales of NetSol. “We look forward to working with our new global client to deliver a tailored customer solution, a philosophy we continue to build upon as we grow market share in Australia and the Asia Pacific region.”
NetSol recently opened a new office in Sydney, Australia, part of an initiative to capture a growing market opportunity in the broad equipment finance sector and enhance service capability in the region.