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NetSol Signs Asian Auto Finance Client

NetSol Technologies Inc. signed an agreement to provide its software to a leading Asian auto captive finance company. The Calabasas software developer for the vehicle and equipment leasing markets will deploy its NFS Ascent Loan Origination System and Contract Management System for the unnamed finance company with a multi-billion-dollar loan portfolio. President Naeem Ghauri said that the company closed out fiscal 2018 with a flurry of sales activity, resulting in the new contract with a longstanding customer. “NFS Ascent remains the premium platform in its class, and, as large enterprise clients invest in future proofing their IT solutions to execute their digital transformation journey, Ascent remains at the core of this shift,” Ghauri said in a statement. Shares of Netsol (NTWK) closed up 5 cents, or nearly 1 percent, to $5.65 on the Nasdaq.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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