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NetSol Technologies Announces Additional Services Contract With BMW Group Financial Services
Service Contract for Independent Systems Review and Testing Services of BMW's Newest Financial Application
| Source: NetSol Technologies, Inc.
CALABASAS, CA--(Marketwire - November 18, 2009) - NetSol Technologies, Inc. "NetSol" (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business
services and enterprise application solutions to private and public sector
organizations worldwide, today 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. The project is
the second in a series of contracts signed by NetSol's ISR services group
with BMW after the successful delivery of ISR services to BMW Group
Financial Services Japan last year.
Najeeb Ghauri, NetSol Technologies chairman and chief executive officer
commented, "Our latest follow on agreement with BMW reflects the expansion
of our relationship with this valued global automotive customer and further
reaffirms the rebound we are seeing in the automotive sector, particularly
in the Asia Pacific region. Our Independent System Review and Testing
Services offering is an emerging business practice within NetSol as a
Global Business Services provider. Developed and successfully deployed in
the Asian market, we see opportunities to expand this offering within our
North American, European and Middle Eastern geographies."
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's ISR group provides systems audits
that not only cover conformity to specifications but also compliance with
end user requirements and business needs. The process can drastically
improve the propensity for a successful application launch, reduce
deployment risk and improve customer satisfaction, all positively
contributing to cost reduction initiatives and recurring business.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NASDAQ : NTWK ) (NASDAQ DUBAI: NTWK) is a
worldwide provider of global business services and enterprise application
solutions. Since its inception in 1995, NetSol has used its BestShoring®
practices and highly experienced resources in analysis, development,
quality assurance, and implementation to deliver high-quality,
cost-effective solutions. Specialized by industry, these product and
services offerings include credit and finance portfolio management systems,
hospital/healthcare information management systems (HIMS), SAP consulting
and services, custom development, systems integration, and technical
services for the global Financial, Healthcare, Insurance, Energy, and
Technology markets. NetSol's commitment to quality is demonstrated by its
achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering
Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a
distinction shared by fewer than 100 companies worldwide. NetSol
Technologies' clients include Fortune 500 manufacturers, global automakers,
financial institutions, utilities, technology providers, and government
agencies. Headquartered in Calabasas, California, NetSol Technologies has
operations and offices in Adelaide, Bangkok, Beijing, Lahore, London, and
San Pedro Sula.
To learn more about NetSol Technologies, Inc., visit www.netsoltech.com
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NetSol Technologies, Inc. Forward-looking Statement
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Company's actual results include the progress and costs of the development
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