NetSol Technologies appoints Managing Director, NetSol Technologies Europe and hires new Global Sales Director for Wholesale ...
October 20 2016 - 8:00AM
NetSol Technologies, Inc. (NASDAQ:NTWK), a global business services
and enterprise application solutions provider to the Asset Finance
and Leasing industry, today announced the appointment of Tim
O’Sullivan as Managing Director, NetSol Technologies Europe (NTE)
and Chris Tobey as Sales Director – Global Wholesale Financial
Solutions, effective immediately. O’Sullivan will oversee growth
initiatives in Europe for NFS AscentTM, the company’s
next-generation finance and leasing solution, while Tobey, in the
newly created position, will have the responsibilities of overall
strategy, creating relationships and executing sales for AscentTM
Wholesale.
With over 25 years of experience in the
financial services and software sectors, Tim O’Sullivan has spent
the last decade in leasing and asset finance software, specifically
enhancing and building global sales capabilities across multiple
markets and geographies. Prior to his appointment, O’Sullivan
served as Head of Business Development & Strategy at NetSol
Technologies Europe, where he was responsible for leading the
company’s key strategic client relationships. His appointment
demonstrates a significant market initiative in Europe that will
involve leading the Europe team towards developing the company’s
initiatives of increasing efficiency and achieving greater leverage
of NetSol’s networks.
Chris Tobey, formerly Business Development
Manager, Sword Apak, brings nearly 10 years of domain experience
coupled with detailed market knowledge. In his previous role, Tobey
was responsible for developing new markets, leading and managing
sales opportunities, along with establishing relationships with
strategic business partners.
O’Sullivan comments, “I am delighted to lead the
accelerating pace of development for NetSol. Having been with
NetSol for over two years and witnessed the remarkable capabilities
that the company possesses, I have every confidence that we are now
in a strong position to leverage our global brand and expertise for
the benefit of existing and new clients.”
Commenting on his new appointment, Tobey said,
“I am delighted to be joining the NetSol team. Being a customer
oriented individual, this new role will allow me to work with
lenders to provide their customers with agile, innovative, and
robust Wholesale business solutions.”
Founder, Chairman & Chief Executive Officer,
Najeeb Ghauri comments, “Europe is a critical component of our
growth strategy. With Tim’s appointment, we have put a focused and
proven executive in charge of executing our growth plan for NFS
Ascent in Europe while building scale into the business to manage
that growth. Chris’ in-depth knowledge and domain experience will
be invaluable to enhance the successful relationships already
established throughout Asia, Europe and the Americas. His
appointment comes at a very significant and exciting time to
support the continuing growth of NetSol in all of our regions.”
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 1,500+ professionals
placed in eight strategically located support and delivery centers
throughout the world. NFSTM, LeasePakTM, LeaseSoft or NFS AscentTM
– help companies transform their Finance and Leasing operations,
providing a fully automated asset-based finance solution covering
the complete leasing and finance lifecycle.
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StatementsThis press release may contain forward-looking
statements relating to the development of the Company's products
and services and future operation results, including statements
regarding the Company 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 Contact ICR
William Maina(646) 277-1236investors@netsoltech.com
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