Contact Information: Contact: Investor Relations Christopher Chu Grayling Global Tel: +1-646-284-9426 Email: cchu@hfgcg.com
NetSol Technologies Awarded Information Security and Quality Engineering Contract With a Leading Commercial Bank in the UAE
Agreement Marks NetSol Technologies' Success in Further Penetrating the Fast Growing Middle East Market
| Source: NetSol Technologies
EMERYVILLE, CA--(Marketwire - December 29, 2008) - NetSol Technologies, Inc. "NetSol" (NASDAQ : NTWK ) (DIFX: NTWK), a U.S. corporation providing global business services
and enterprise application solutions to private and public sector
organizations worldwide, today announced the Company has been awarded a
major consulting services contract with a leading commercial bank located
in the United Arab Emirates (UAE). Under the recently signed agreement,
NetSol will provide consultancy services in the areas of information
security and quality engineering.
The scope of the assignment includes identification, mapping and
documentation of existing internal client processes, procedures, checklists
and forms in order to help ensure alignment with the International
Organization for Standardization's (ISO) information technology security,
quality and management standards 27001:2005, ISO 9001:2000 and ISO 20000.
NetSol will also assist in the identification of any procedural gaps and
assist in bringing them into compliance with the relevant benchmark
information security and quality engineering standards.
Najeeb Ghauri, NetSol Chairman and Chief Executive Officer, commented,
"This latest customer win reflects the continued traction of our global
BestShoring™ business model, and our ability to leverage our global
infrastructure and CMMI Level 5 center of excellence in order to best meet
our customers' needs around the world. This contract also marks the
growing presence of NetSol in the strategically important Middle East
business services market and highlights the value our customers place in
strong quality engineering and information security standards."
Besides the preparation of documentation, NetSol will also assist the
client in the areas of document and records control, monitoring of business
process metrics, service level agreements (SLAs), continual business
process improvement, corrective and preventive actions, internal auditing
and grievance handling. NetSol will also conduct awareness training and
oversee the effectiveness of the implemented processes.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NASDAQ : NTWK ) (DIFX: 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 for each industry, these product and services
offerings include portfolio management systems for the financial services
industry, consulting, custom development, systems integration, and
technical services for the global Healthcare, Insurance, Real Estate, 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) Level 5 assessments, a
distinction shared by fewer than 100 companies worldwide. NetSol offers SAP
and Business Objects consulting and implementation services through its
Ciena Solutions subsidiary. NetSol Technologies' clients include Fortune
500 manufacturers, global automakers, financial institutions, technology
providers, and governmental agencies. Headquartered in Emeryville,
California, NetSol Technologies has operations and offices in London, Los
Angeles, Sydney, Beijing, Bangkok, and Lahore.
To learn more about NetSol Technologies, Inc. visit www.netsoltech.com
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