Netsol Technologies Inc. announced Monday that a U.K. bank selected its LeaseSoft software as the new platform for the bank’s finance and leasing operations.
The Calabasas company, which provides software for auto and equipment leasing and financing, expects the deal will deliver revenues of more than $2.5 million. The LeaseSoft system is expected to improve business by enhancing the bank’s IT functionality in order to manage all back office requirements.
NetSol did not disclose the name of the bank.
“This is an important new win for NetSol, further building upon our efforts in the U.K. and throughout Europe,” Naeem Ghauri, president sales at NetSol, said in a statement.
Netsol shares closed Monday up 15 cents, or 2.7 percent to $5.73 on the Nasdaq.