NetSol Technologies Inc., a provider of IT and enterprise application solutions, announced today that it is launching a new division to target the cloud computing market. The Calabasas-based company is calling its new division “NetSolCloudVM” and will first target growth in North American markets, offering infrastructure-as-a-service products. “What we are offering, in essence, is a private cloud performance at an elastic cloud price – giving potential customers in our target market segment the performance, flexibility, reliability, and a no-nonsense fixed pricing model that they have long desired,” said Imran Haider, COO of NetSol North America in a prepared statement. Haider will head the new division. The company is set to launch the services in September, providing clients with IT infrastructure on a monthly tiered subscription basis. “We made a calculated decision to enter this growing market given our years of experience as a software developer, the minimal investment required, and the revenue potential given just the breadth of our current relationships,” said Najeed Ghauri, chairman and CEO of NetSol. The company’s current client roster includes manufacturers, automakers, financial institutions, utilities and technology providers, which it serves out of offices in San Francisco, London, Beijing, Bangkok, Lahore, Adelaide, and Riyadh. Kelly Goff