NetSol Technologies Ltd, (NASDAQ: NTWK), a multinational provider of enterprise software and IT services to the financial services industry, has announced that it has secured its fourth major contract for LeaseSoft in the Chinese market in the past 12 months.
The consumer finance operation of a leading, global automotive manufacturer is the latest customer to purchase the Company's flagship vehicle portfolio management system. It plans to deploy LeaseSoft in the launch of its vehicle financing operations in China this year.
According to a press release issued by NetSol here on Monday, the contract, valued at over $1.5 million, includes license, customisation and maintenance fees. Under terms of the agreement, the customer is purchasing LeaseSoft Retail Finance software with three application modules-Credit Application Processing, Contract Management and Wholesale Finance, as well as receiving full software customisation, system implementation, and ongoing maintenance and support services for the product.
Salim Ghauri, chairman and CEO, stated, "This latest win clearly establishes LeaseSoft as the preferred vehicle finance accounting and portfolio management system for leasing companies in the Asia-Pacific (APAC) region.-PR
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