Jeffrey Bilbrey to Lead NetSol Technologies’ North American Operations
May 16 2016 - 8:00AM
NetSol Technologies, Inc. (NASDAQ:NTWK), a worldwide provider of
global IT and enterprise application solutions, today announced the
appointment of Jeffrey M. Bilbrey as President, North America,
effective May 23, 2016. In the newly created position,
Bilbrey, who joined the board in 2013, will now oversee growth
initiatives in the region for NFS AscentTM, the company’s
next-generation finance and leasing solution.
As a tech industry veteran and founder of a boutique IT strategy
consulting business, Bilbrey has deep expertise creating,
delivering and sustaining technology products and related services
among various industries. He also led the North American operating
division for Innovation Group, NetSol’s joint-venture partner,
where he was a member of the technology board, guiding the
strategic planning for technology products across seven
countries.
“Knowing the company’s overall strategy and market opportunity,
deep connection with customers, and the technology behind its
product offerings, I could not pass up the opportunity to lead
NetSol’s North American operations,” said Bilbrey. “I truly believe
the market is ripe for NFS Ascent, and we have an excellent
opportunity to build upon a strong client base in the region and
further penetrate the leasing and financing market.”
Prior to joining NetSol, Bilbrey served as vice president of
client partner services for Majesco, where he was responsible for
leading the company’s many strategic client relationships including
managing business development. Bilbrey received a bachelor’s degree
in management information systems from the University of Wisconsin,
Eau Claire.
“With extensive background as a technology strategist and
in-depth knowledge of our operations, we are confident that Jeff is
the perfect fit to lead NetSol’s North American operations,” said
Najeeb Ghauri, CEO of NetSol. “His appointment demonstrates a
significant market initiative in North America, an initiative that
already can be supported through our bench of talented technology
professionals.”
Following the company’s May 17th annual meeting, the size of
NetSol’s board of directors decreased to five members, with Bilbrey
and a company insider electing not to run.
About NetSol Technologies
NetSol Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider
of IT and enterprise software solutions primarily serving the
global leasing and financing industry. The Company’s suite of
applications are backed by 40 years of domain expertise and
supported by a committed team of more than 1,500 professionals
placed in eight strategically located support and delivery centers
throughout the world.
Investors can receive news releases and invitations to special
events by accessing our online signup form at
http://www.netsoltech.com/us/investors/signupformForward-Looking
Statements
This press release may contain forward-looking statements
relating to North American growth initiatives, the market
opportunity for NFS Ascent, , the development of the Company's
products and services and future operation results, including
statements regarding the Company and its employees that are subject
to certain risks and uncertainties that could cause actual results
to differ materially from those projected. The words “expects,”
“anticipates,” variations of such words, and similar expressions,
identify forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, but their absence
does not mean that the statement is not forward-looking. These
statements are not guarantees of future performance and are subject
to certain risks, uncertainties, and assumptions that are difficult
to predict. Factors that could affect the Company's actual results
include the progress and costs of the development of products and
services and the timing of the market acceptance. The subject
Companies expressly disclaim any obligation or undertaking to
update or revise any forward-looking statement contained herein to
reflect any change in the company's expectations with regard
thereto or any change in events, conditions or circumstances upon
which any statement is based.
Investor Contacts:
PondelWilkinsonRoger Pondel | Matt
Sheldoninvestors@netsoltech.com(310) 279-5980
Media Contacts:
PondelWilkinsonGeorge Medici |
gmedici@pondel.com(310) 279-5968
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