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Stock impact report

NETSOL Technologies Goes Live in South Korea with a Leading German Auto Manufacturer

NETSOL Technologies Inc. (NTWK) 
Last netsol technologies inc. earnings: 2/12 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.netsoltech.com
Company Research Source: GlobeNewswire
CALABASAS, Calif., Oct. 16, 2017 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq:NTWK), a global business services and enterprise application solutions provider, has successfully implemented its NFS Ascent Loan Origination System in South Korea for a leading German auto manufacturer. This implementation is part of a larger contract, originally signed in December of 2015, to upgrade one of NETSOL’s existing NFS customers to its NFS Ascent platform, the company’s advanced solution for the auto and equipment finance and leasing industry. The contract includes implementations, license, maintenance, services and expected customization fees for the platform across a 12-country deployment, representing the largest contract in the company’s history. The contract also includes implementation of NFS Ascent in South Africa, which would be a new market for NETSOL. The deployment in South Korea is the fourth country to “go live” following successful implementations already in Thailand, Ne Show less Read more
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